Arif Habib : Annual Report for the year ended 30-Jun-2022 - Arif Habib Corporation Limited

TOGETHER

WE ARE

STRONGER

A N N U A L R E P O R T 2 0 2 2

ARIF HABIB GROUP

Since initiation, the Arif Habib Group has grown by imagining possibilities and developing a blueprint to convert them into reality. It has made a difference to lives across Pakistan by being a responsible investor supporting the country's growth story and boosting relevant sectors of national importance.

With an entrepreneurial essence and passion to undertake business projects that fuel the growth of society and economy, the Arif Habib Group has built and continues to develop businesses in the areas of financial services, fertilisers, cement, steel, renewable energy and real estate development.

After having found a strong foothold in financial services, the Group, over time, has diversified into emerging business areas, with meaningful contributions to Pakistan's economy. The Group draws strength from its own human capital, as well as, its ability to forge strong partnerships with other business houses and benefit from collective strength. To continuously strive for quality and excellence are an integral part of the Group's business model and these are not merely corporate slogans but the formula for achieving success. An important part of our strategy is to continue raising the bar.

With a strong belief, consistent and unwavering faith in Pakistan's immense growth potential, the Arif Habib Group is committed to serve the country, community and all its stakeholders reach maximum potential through innovation, transforming challenges into opportunities.

ARIF HABIB CORPORATION LIMITED

Arif Habib Corporation Limited (AHCL) is the flagship company of the Arif Habib Group. The company took over the sole proprietorship business set up by Mr. Arif Habib in 1990 and was incorporated in 1994 as a public limited company with a paid up capital of PKR 40 million. AHCL was listed in 2001, with an initial public offering (IPO) of one million shares, targeting to raise PKR 80 million in order to finance growth. Since its listing in 2001, the Company has distributed PKR 15 billion as dividend (including specie dividend) and PKR 720 million by buying back two million shares (having face value of PKR 10 each) at a price of PKR 360 per share from its shareholders. Currently the Company's equity is PKR 23,834 million built through retained earnings. Thus, by 30th June 2022, the initial investors in the IPO of the Company, have had a compounded all annualised return of 25.71% (2001).

The Arif Habib brand, is today seen as the name that assures a commitment to best practices and putting its stakeholders first, which they have come to expect of the Company striving to be the best in its class.

ARIF HABIB GROUP'S JOURNEY

Acquisition of Sachal

Energy Development

(Pvt) Ltd (to set up

Wind Power)

Merger of Arif Habib

Investments and

MCB Asset

Management

Launch of Naya

Nazimabad Housing

Project

2011

Establishment of Arif

Habib Securities

Limited (Now Arif

Habib Corporation

Limited)

1994

Establishment of

Asset Management

Company, Arif Habib

Investments (now

MCB-Arif Habib

Savings and

Investments Limited)

Listing of Arif Habib

Corporation Limited

on Stock Exchange

2001

Establishment of Arif

Habib Limited by

separating brokerage

business from Arif

Habib Securities Limited

Acquired Rupali Bank, renamed as Arif Habib Rupali Bank and then Arif Habib Bank

Acquisition of Sukh

Chayn Gardens and

Thatta Cement

2004

Acquisition of

Pakarab Fertilizers

Limited

2005

Achieved Financial Close for expansion of Aisha Steel and Power Cement

Incorporation of

Black Gold Power

Limited for 660MW

Coal Power Project

2017

Establishment of Arif

Habib Commodities

(Pvt) Ltd

2012

Invested in Power

Cement Limited

Acquisition of

Javedan Cement

Limited

Invested in Fatima Fertilizer Company Limited, which was established as a green field project

2006

Achieved COD of

Aisha Steel's

expansion

2019

Became a joint

venture partner in

Aisha Steel Mills

Limited

2007

Achieved COD of

Power Cement's

expansion

2020

Acquisition of DH

Fertilizers

Launch of Dolmen

City REIT, South

Asia's first listed

REIT

2015

Establishment of

REIT Management

Company

Divestment of Arif

Habib Bank (now

Summit Bank) and

Thatta Cement

2009

Launch of Silk

Islamic Development

REIT, Pakistan's first

developmental REIT

2021

Acquired stake in

ICPL (Dolmen City)

2008