Arif Habib Group


Arif Habib Group is a Pakistani business conglomerate company based in Karachi, Pakistan. It was founded by Pakistani businessman Arif Habib.

History

Arif Habib Group started its operations as a pure capital markets firm in 1970 and was engaged in brokerage business since its inception. In 1994, it incorporated itself as the Arif Habib Securities.
In 2006, the group acquired Rupali Bank and renamed it as Arif Habib Bank.
In 2007, at its peak, the Arif Habib Group was one of the largest financial services conglomerate in Pakistan. It owned one of the largest asset management company, one of the largest investment bank, a large securities brokerage firm and a retail bank. During 2008 financial crisis, it was at brink of collapse.
In 2009, the group sold the bank to Suroor Investments for which then merged with Atlas Bank and Mybank to form Summit Bank.
In 2010, the group merged its investment arm, Arif Habib Investments, with MCB Asset Management to form the MCB-Arif Habib Savings and Investments Limited.
The group currently consists of 13 companies spanning the real estate, financial services, energy, cement, steel and fertiliser production sectors.
As of 2012, it had over 11,000 employees and an annual revenue of Rs. 100 billion.

Companies