| Arif Habib Group | |
| Location: | Karachi-74000, Pakistan |
| Founder: | Arif Habib |
| Revenue Year: | 2023 |
| Net Income Year: | 2023 |
| Equity Year: | 2023 |
| Assets Year: | 2023 |
| Num Employees Year: | 2023 |
| Footnotes: | Financials [1] |
| Subsid: | Sachal Energy Development Limited (85.83%) Arif Habib Limited (72.92%) Rayaan Commodities (72.92%) |
Arif Habib Corporation Limited, also known as the Arif Habib Group, (Urdu: عارف حبیب کارپوریشن) is a Pakistani business conglomerate headquartered in Karachi, Pakistan.[2] The corporation was founded by Pakistani businessman Arif Habib.
Arif Habib Group started its operations as a pure capital markets firm in 1970 and was engaged in brokerage business since its inception.[3] In 1994, it incorporated itself as the Arif Habib Securities.[3]
In 2006, the group acquired Rupali Bank and renamed it as Arif Habib Bank.[3]
In 2007, the Arif Habib Group was considered a fairly large financial services conglomerate in Pakistan.[3] It owned one large asset management company, a big investment bank, a securities brokerage firm and a retail bank.[3] During the 2008 worldwide financial crisis, it was at brink of collapse.[3]
In 2009, the group sold the bank to Suroor Investments for which then merged with Atlas Bank and Mybank to form Summit Bank.[3]
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.[3]
The group currently consists of 13 companies spanning the real estate, financial services, energy, cement, steel and fertiliser production sectors.[4]
As of 2012, it had over 11,000 employees and an annual revenue of Rs. 100 billion.[4]