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Sachal Energy Development (Pvt.) Ltd. |
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Sachal Energy Development (Pvt) Ltd. SEDL is a special-purpose
company that has been acquired to commission and operate a 50 MW
wind farm at Jhimpir, Sind on a build, own & operate basis. SEDL is
owned 100% by Arif Habib Group through its flagship listed holding
company, Arif Habib Corporation (AHC) formerly Arif Habib Securities
Ltd. (AHSL). It is one of those groups who pioneered & developed the
brokerage & mutual funds industry in Pakistan. As a business group
their growth has been remarkable & today it stands tall as one of
the most diversified groups in Pakistan having strong presence in
fertilizer, cement, sugar, real estate, steel, commercial banking,
microfinance etc. (for further info on the group please visit
http://www.arifhabibcorp.com/).
Pakistan has gone through years and years of an
energy crisis without an effective energy policy. Due to an easy
and thoughtless reliance on imported oil, Pakistan created an
inapt power mix. It has no adequate policy for the conservation of
gasoline and other petroleum products. Pakistan Power Sector lacks
focus on relying on indigenous sources of power generation.
Pakistan needs to emphasize on the development and use of other
more efficient and economical forms of energy.
Arif Habib Corporation Limited (formerly Arif Habib Securities
Limited),
the holding company of Arif Habib Group, was incorporated on 14th
November 1994 as a Public Limited Company under the Companies
Ordinance, 1984 the company is listed on the Karachi, Lahore and
Islamabad Exchanges and is engaged in the business of investments
in listed and unlisted
securities.
Arif Habib Corporation Limited (formerly Arif Habib Securities
Limited)
has the single distinction of being recipient of the Top 25
Companies award of Karachi Stock Exchange for each of the six
years since its listing in 2001. The company has the honour of
being ranked 9th in the award list for the year 2005.
Arif Habib Corporation Limited (formerly Arif Habib Securities
Limited)
holds shares in both the operating subsidiaries and other
strategic investments.
Operating subsidiaries cover a wide range of financial services,
viz:
1.
Arif Habib Limited
- Brokerage House with 75% shareholding
2.
Arif Habib Investment Management Limited
- Asset Management Company with 60.18% shareholding
3.
Pakistan Private Equity Management Limited
- Venture Capital Management Company with 85% shareholding
4.
Real Estate Modarba Management Company Limited
- Modarba Management Company with 99.99% shareholding
5.
Arif Habib DMCC
- a UAE incorporated Member Company of Dubai Global and
Commedities Exchange with 100% shareholding
6.
S.K.M Lamka Holdings (Pvt.) Limited
- a Srilanka incorporated brokerage house at Colombo Stock
Exchange with 75% shareholding
Strategic investment includes:
1.
Pak Arab Fertilizers Limited
with 30% shareholding
2.
Fatima Fertilizer Company Limited
with 10% shareholding
3.
Rozgar Microfinance Bank Limited
with 19.01% shareholding
4.
Takaful Pakistan Limited
with 10% shareholding
5.
Sweet Water Pakistan Dairies (Pvt.) Limited
with 28.00% shareholding
6.
Sunbiz (Pvt.) Limited
with 4.65% shareholding
7.
Aisha Steel Mills Limited
with 25% shareholding
8.
Thatta Cement Company Limited
with 9.71% shareholding
Additionally, Arif Habib Corporation Limited (formerly Arif
Habib Securities Limited) maintains a well diversified
portfolio of listed securities amounting to Rs.5 billion, with
such a diversified investment portfolio, Arif Habib Corporation
Limited (formerly Arif Habib Securities Limited) stands strong
and is well placed to play an important role in Pakistan's rapidly
developing economy. |
| Regd. 2010-2011 Sachal Energy Development (Pvt.) Ltd. |