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Arif Habib Securities Limited.


Arif Habib Securities Limited (AHSL AHSL Arizona Health Sciences Library (University of Arizona) ) is a listed company registered with the Securities and Exchange Commission of Pakistan The Securities and Exchange Commission of Pakistan (SECP) is an organization whose purpose is to develop a modern and efficient corporate sector and a capital market based on sound regulatory principles, in order to foster economic growth and prosperity in Pakistan.  as a Securities broker under the Brokers and Agents Registration Rules, 2001. The company has one of the largest brokerage operations on the Karachi Stock Exchange Karachi Stock Exchange

The major securities exchange of Pakistan.
 and also offers research and corporate finance services. A subsidiary, Arif Habib Investment Management Limited, specializes in open-ended and close-ended mutual funds. Presently the funds under management of (AHIML) have grown to over Rs. 7.5 billion.

Arif Habib Securities Limited was incorporated as a Public Limited Company under the Companies Ordinance, 1984 on November 14, 1994 to continue the securities brokerage business successfully carried on by Mr. Arif Habib since 1989 as a sole proprietor under the name of Arif Habib. It was listed on all the three Stock Exchanges in June 2001. The following services are being offered under the umbrella of a Management team which includes qualified and experienced professional to head various departments:

* Brokerage services to individuals, corporates, institutions, funds and trusts.

* Corporate finance services including Public offering of shares and TFCs, Private placement of shares and TFCs, Financial advice regarding structures to suit particular requirements and the Financial restructuring including public offer, delisting Delisting

When the stock of a company is removed from a stock exchange.

Notes:
Reasons for delisting include violating regulations and/or failure to meet financial specifications set out by the stock exchange.
, sale of business, etc.

* Investment services for placement of funds in Carry over Market, Managed portfolios and Underwriting arrangements.

The Company has been selected as one of the Top 25 Companies by the Karachi Stock Exchange for the years 2001 and 2002. Excellence of the company has also been recognized by the Privatization privatization: see nationalization.
privatization

Transfer of government services or assets to the private sector. State-owned assets may be sold to private owners, or statutory restrictions on competition between privately and publicly owned
 Commission as the Company is on the panel of lead managers for privatization transactions and by the State Bank when it gave the Company an NOC (Network Operations Center) A central or regional location for monitoring a large network. Also called a "network management center" (NMC), "service management center" (SMC) or "network control center" (NCC), a NOC may be used to manage a large enterprise network,  to negotiate to acquire Bank of Ceylon The Bank of Ceylon is a major, government-owned commercial bank in Sri Lanka. History
  • 1939: Bank of Ceylon (BoC) is founded.
  • 1941: BoC opened its first branch, in Kandy.
  • 1949: BoC opened its first overseas branch in London.
.
FINANCIAL HIGHLIGHTS (Financial Year Ended 30th June)

(Rs. in million)

                            Half Year Ended
                            31.12.03  2003     2002    2001      2000

Total Revenues               931.46    844.05  301.19   179.68   271.78
Expenses                      56.92     76.73   35.79    38.81    41.09
Profit Before Tax            874.54    767.32  265.40   140.87   230.69
Profit After Tax             852.95    751.92  253.59   132.56   228.47
Paid-up Capital               80.00     60.00   50.00    50.00    50.00
Shareholders Equity         2268.11   1415.16  723.24   494.65   387.09
Liabilities                 1078.01    763.79   79.95    596.47  113.97
Total Assets                3346.12   2178.95  803.19  1091.12   501.06
Earnings Per Share (Rs.)     106.62    125.32   50.72    26.51    45.69
Book Value Per Share (Rs.)   283.51    235.86  144.65    98.93    77.42
Return on Equity (%)          60.7     103.96   51.27    34.25   139.63

                            Half Year Ended
                            1999    1998   1997   1996

Total Revenues               69.86  22.15  17.36    7.74
Expenses                     15.22   6.22   2.18    1.11
Profit Before Tax            54.65  15.93  15.18    6.63
Profit After Tax             53.08  14.89  14.93    6.63
Paid-up Capital              50.00  40.00  40.00   20.00
Shareholders Equity         163.62  72.04  58.35   24.62
Liabilities                 105.32   1.49   0.84    0.56
Total Assets                268.94  73.53  59.19   25.18
Earnings Per Share (Rs.)     10.62   3.72   3.73    3.31
Book Value Per Share (Rs.)   32.73  18.01  14.59   12.31
Return on Equity (%)         73.68  25.52  60.64  135.31
COPYRIGHT 2004 Economic and Industrial Publications
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004 Gale, Cengage Learning. All rights reserved.

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Title Annotation:Company Profile; Arif Habib Investment Management Limited
Publication:Economic Review
Article Type:Company Profile
Geographic Code:9PAKI
Date:Feb 1, 2004
Words:569
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