In the News

BOARD OF DIRECTORS

PROFILE OF DIRECTORS:

The Company’s success is a team effort, as its Board of Directors and Management team, comprising of gifted and experienced individuals, has enabled it to acquire its reputation as one of the leading business in Pakistan.



Mr. Nasim Beg 
Chairman
Date of Appointment: 28th October 2019

Mr. Nasim Beg, a Fellow Member of the Institute of Chartered Accountants of Pakistan, is the Chief Executive
Officer of Arif Habib Consultancy (Pvt.) Limited along with being the Vice Chairman of MCB-Arif Habib Savings
& Investments Limited, an Asset Management Company that was conceived and set up by him and which he
headed as Chief Executive till June 2011.

With over forty-five years of experience in the business world including industry and the financial services (in and
outside the country), Mr. Nasim Beg is one of the most highly experienced professionals of the country.

Before joining the Arif Habib Group, Mr. Beg served as the Deputy Chief Executive of NIT, which he joined during
its troubled period and played an instrumental role in its modernisation and turn around. He also served as the
acting Chief Executive of NIT for a few months. He has also been associated at top-level positions with other
asset management and investment advisory companies. Mr. Beg has also held senior level responsibilities in the
automobile industry. During his tenure as the Chief Executive of Allied Precision (a subsidiary of the Allied
Engineering Group), he set up a green field project for the manufacture of sophisticated indigenous components
for the automotive industry under transfer of technology licenses with Japanese and European manufacturers.
His initiation to the financial services business was with the Abu Dubai Investment Company, UAE, where he was
a part of the team that set up the company in 1977. He has also been a member of the Prime Ministers Economic
Advisory Council (EAC).


Corporate Responsibilities
Arif Habib Consultancy (Pvt) Limited (Chief Executive)

As Director

  Arif Habib Corporation Limited
• Aisha Steel Mills Limited
• Arif Habib Dolmen REIT Management Limited (Chairman)
• MCB-Arif Habib Savings & Investments Limited (Vice Chairman)
• Naymat Collateral Limited (Vice Chairman)
• Pakarab Fertilizers Limited
• Pakistan Opportunities Limited (Vice Chairman)
• Power Cement Limited (Chairman)



Mr. Muhammad Kashif Habib 
Chief Executive Officer
Date of Appointment: 28th October 2019

Mr. Kashif A. Habib is the Chief Executive of Power Cement Limited. Being a member of the Institute of Chartered Accountants of Pakistan (ICAP) he completed his articleship from A.F. Ferguson & Co. (a member firm of Price Waterhouse Coopers), where he gained experience of a diverse sectors serving clients spanning the Financial, Manufacturing and Services industries.

He has to his credit over ten years of experience in cement and fertilizer companies of the group.

Corporate Responsibilities:

Power Cement Limited 
(Chief Executive)

As Director:
  • Aisha Steel Mills Limited
  • Alternatives (Private) Limited
  • Arif Habib Corporation Limited
  • Arif Habib Equity (Private) Limited
  • Arif Habib Foundation
  • Arif Habib Real Estate Services (Pvt.) Limited
  • Black Gold Power Limited
  • Fatimafert Limited
  • Fatima Cement Limited
  • Fatima Fertilizer Company Limited
  • Fatima Packaging Limited
  • Memon Health and Education Foundation
  • Nooriabad Spinning Mills (Private) Limited
  • Pakarab Fertilizers Limited
  • Rotocast Engineering Company (Pvt.) Limited
  • Safemix Concrete Limited
  • Siddqsons Energy Limited
Office Address: Arif Habib Centre, 23 M.T Khan Road Karachi



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Mr. Samad A. Habib 
Non-Executive Director
Date of Appointment: 28th October 2019

Mr. Samad A. Habib is currently the Chief Executive of Javedan Corporation Limited. Mr. Samad A. Habib has more than 15 years of experience, including 9 years of working in the financial services industry in various senior management roles.

He began his career with Arif Habib Corporation Limited (the holding company of Arif Habib group) and has served the company in various executive positions including Executive Sales and Business Promotions, Company Secretary, Head of Marketing, etc.

In September 2004, he was appointed the Chairman and Chief Executive of Arif Habib Limited. As Chairman he was responsible for the strategic direction of the company and was actively involved in capital market operations and corporate finance activities such as serving corporate clients, institutional clients, high net worth individuals, and raising funds for clients through IPO’s, private placements etc. He resigned from that position in January 2011.

Mr. Samad A. Habib holds a Master’s degree in Business Administration from the Institute of Business Management (IoBM).

Corporate Responsibilities:

Javedan Corporation Limited
(Chief Executive)

Safemix Concrete Limited 
(Chief Executive)

As Director:
  •   Arif Habib Corporation Limited
    • Arif Habib Equity (Pvt.) Limited
    • Arif Habib Foundation
    • Arif Habib Dolmen REIT Management Limited
    • Arif Habib Real Estate Services (Pvt.) Limited
    • NN Maintenance Company (Private) Limited 
    • Nooriabad Spinning Mills (Pvt.) Limited
    • Pakarab Fertilizers Limited
    • Pakistan Opportunities Limited
    • Power Cement Limited
    • Parkview Corporation (Private) Limited
    • Rotocast Engineering Company (Pvt.) Limited
    • Sukh Chayn Gardens (Private) Limited

Official Address:  Arif habib centre 23,M.T Khan Road, Karachi - 74000



Mr. Syed Salman Rashid
Non Executive Director
Date of Appointment: 28th October 2019

Mr. Syed Salman Rashid holds a Bachelor’s Degree from Karachi University and is a Certified Director from Pakistan Institute of Corporate Governance. He has served with EFU Group for over 30 years and presently serves as a Deputy Managing Director of EFU General Insurance Limited looking after the largest Marketing and Sales Division of the Company. Parallel to his professional services, he has also served on the Board of JS Investments Bank Limited and Power Cement Limited.

As Director:
  • EFU Life Assurance Limited
  • Power Cement Limited
Official Address:  Arif habib centre 23,M.T Khan Road, Karachi - 74000



Mr. Anders Paludan - MÜller
Non Executive Director
Date of Appointment: 28th October 2019

Mr. Anders Paludan - Müller is a Danish National. He holds an MSc in Business Administration and has an experience of over 30 years in the investment sector working all over the world. He is currently an Investment Director at IFU ( Danish Investment Fund for Developing Countries ; Copenhagen, Denmark) .

As Director:
  • Power Cement Limited

Mr. Javed Kureishi 
Independent Director
Chairman - HR & Remuneration Committee
Date of Appointment: 28th October 2019

Mr. Javed is a career Banker having spent 34 years with Citibank both in Pakistan and abroad across 5 countries in Middle East, Africa, Eastern Europe and Asia where he spent 9 years. Javed held a number of very Senior positions across Corporate Banking, Country, Risk and Regional Management. This included Corporate Bank Head, Middle East, Chief Executive Officer, Czech Republic, Asia Pacific Regional Head for Multinational Subsidiaries, and Asia Pacific Head of Public Sector. Javed has extensive knowledge of Asia Pacific in particular having travelled to China 35 times.
 
Javed is presently working as a Senior Consultant to the International Finance Corporation (IFC) in Pakistan since Nov 2019. 

Javed has a BA Hons in Economics from The University Of Sussex, UK.

Javed is also a keen sportsman. He was Captain of Pakistan Under 19 Cricket team that toured India and Sri Lanka in 1978-79. He played first class cricket for PIA and Sind and represented Sussex Under 25, Combined English Universities. Javed also played Field Hockey for his University 1981-83.
 
Javed's other interests include Reading, Music and History.

As Director:
  • Power Cement Limited
  • Pakistan Stock Exchange Limited
  • Pakistan Corporate Restructuring Company Limited
  • Fauji Foods Limited

Ms. Saira Nasir 
Independent Director
Chairperson - Audit Committee
Date of Appointment: 28th October 2019

Ms. Saira Nasir is an accomplished fellow member of the Institute of Chartered Accountants of Pakistan and a Fellow member of the Institute of Corporate Secretaries of Pakistan. Ms. Saira has indulged herself not just as an audit practitioner; rather she has diligently remained connected to the Institute to alleviate the system of audit and accountancy education and training to ensure continued professional development for its members and students. Therefore, she has been actively involved in conducting various professional trainings, consultations, workshops, seminars, webinars, podcasts related to varying domains from specific topics of reporting and disclosure requirements in Pakistan, best practices for internal audit and internal control, areas impacting corporate governance especially family businesses; to generalized practices of  innovation in businesses and e-Learning to coaches, trainers, teachers, students and other audiences.

She has also meticulously carried out special assignments related to Corporate Governance; including Board Performance Evaluations and Director Orientation Programs. A case study- Disclosure Requirements on Corporate Governance - Pakistan, was prepared and presented by her in the 24th session of ISAR, held in Geneva in October 2009, under the auspices of United Nations Conference on Trade and Development (UNCTAD). 

Currently she is offering independent services as Corporate Governance consultant. However, her aim for “enablement, empowerment and development” of accountancy professionals has led her to participate as an active member through several committees including the Audit Committee of Pakistan Human Development Fund; the Women Committee, Continuing Professional Development Committee and Economic and Advisory Committee of the Institute of Chartered Accountants of Pakistan. She is on the boards of Fauji Fertilizer Bin Qasim, Allied Rental Modaraba and Power Cement Limited in the capacity of an Independent Director.

As Director:
  • Power Cement Limited
  • Fauji Fertilizer Bin Qasim Limited
  • Allied Rental Modaraba