Arif Habib Corporation


Arif Habib Corporation Limited, also known as the Arif Habib Group, is a Pakistani business conglomerate headquartered in Karachi, Pakistan. The corporation 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, Arif Habib acquired Rupali Bank and renamed it as Arif Habib Bank.
In 2007, Arif Habib was considered a fairly large financial services conglomerate in Pakistan. It owned one large asset management company, a big investment bank, a securities brokerage firm and a retail bank. During the 2008 worldwide financial crisis, it was at brink of collapse.
In 2009, Arif Habib sold the bank to Suroor Investments for which then merged with Atlas Bank and Mybank to form Summit Bank.
In 2010, Arif Habib merged its investment arm, Arif Habib Investments, with MCB Asset Management to form the MCB-Arif Habib Savings and Investments Limited.

Subsidiaries

Former

  • MCB-Arif Habib Savings and Investments
  • Pakarab Fertilizers
  • Silk Bank