Introduction & History Introduction of Habib family

The history of the House of Habib goes back to middle of the previous-to-last century when Esmail Ali of Jamnagar, India, set up a small utensil factory in Bombay. His son Habib Esmail, born in 1878, founded the House of Habib. Habib was very young when his father died, forcing him to join the business of his uncle Cassum Mohammad, owner of Khoja Mithabai Nathoo, merchant, and manufacturer of copper and brass utensils. It was because of his association with Mithabai Nathoo that Habib Ismaeel came to be known as Seth Habib Mitha.

DAWOOD HABIB
Habib and Sons was formed in the 1920s to trade in cotton, copper, oil seeds, gold bullion and other commodities and to act as a merchant bank. This in turn led to the formation in 1941 of Habib Bank Ltd. Bombay, as a public limited company.

Introduction of Habib groups of companies:

The Origin of what is now known as the Habib Group of companies can be traced to Habib Esmail, and his association with the firm of Khoja Mithabani Nathoo, a leading metals dealer established in Bombay in 1841. Habib joined the firm at the age of 13 for a monthly salary of Rs. 5. Through his hard work and determination he became partner at the age of 18 and also became the president of the Copper and Brass Merchants Association. Habib sent his representative to Europe in 1912 and followed that up by establishing branch offices in Genoa and Vienna. Simultaneously, he began business relationship with Japan and China importing hosiery, yarn, glassware and cutlery and exporting cotton. He started the firm "Habib & Sons" in 1921 and changed the family name to "Habib". His four sons namely Ahmed Habib, Dawood Habib, Mohammed Ali Habib and Ghulam Ali Habib joined the business. The firm expanded rapidly - banking remaining a core business. This in turn led to the formation in 1941 of Habib Bank Ltd. Bombay, as a public limited company. The bank was to become the flagship of the familys industrial and commercial ventures. Prior to the creation of Pakistan the bank moved its head office to Karachi and played a vital role in providing the basic banking and financial needs of this new country. A network of branches and training centers were established in former East and West Pakistan. When all banks in Pakistan were nationalized in 1974, Habib Bank was one of the largest commercial banks in South Asia with 875 branches in Pakistan and 44 branches overseas, including 20 in the United Kingdom.

1800 1920 1941 1942 1947 1967 1974

HABIB FAMILY STARTS BUSINESS IN BOMBAY, INDIA HABIB & SONS ESTABLISHED IN BOMBAY HABIB BANK LIMITED ESTABLISHED IN BOMBAY HABIB INSURANCE COMPANY ESTABLISHED IN BOMBAY HABIB FAMILY MIGRATES TO PAKISTAN MOVING HABIB BANK, INSURANCE & OTHER BUSINESS HABIB BANK AG ZURICH ESTABLISHED IN SWITZERLAND HABIB BANK LIMITED NATIONALISED IN PAKISTAN. HABIB FAMILY INVITED BY LATE SHAIKH RASHID TO ESTABLISH HABIB BANK AG ZURICH BRANCHES IN DUBAI HABIB FAMILY DECENTRALISES BUSINESS UNITS BETWEEN A GROWING FAMILY PAKISTAN GOVERNMENT INVITES DAWOOD HABIB GROUP TO ESTABLISH "BANK AL HABIB" IN PAKISTAN

1982 1991

Habib Family's Business Units

BANKING & FINANCE;

Bank AL Habib Habibsons Bank Habib Overseas Bank Habib African Bank Habib Banking Corporation Habib Investment Corp. (FZE) Habib Capital Advisors Ltd (Pakistan) (UK & Switzerland) (South Africa) (Tanzania) (Bahamas) (UAE) (BVI)

INSURANCE;
Habib Insurance Co. Green shield Insurance Brokers (Pakistan) (UAE & Pakistan)

REA L ESTATE;
Habib Properties FZC Green shield Developers Green shield Real Estate Brokers Gulf Properties International (UAE) (UAE) (UAE) (BVI)

OTHER;

Habib Sugar Mills Habib & Sons Habib Motor Company Habib Foods Habib IT

(Pakistan) (Pakistan, UK & USA) (Pakistan) (Pakistan) (Pakistan)

1.1- History of Habib group in Pakistan:

The House of Habib holds many distinctions in Pakistan's history. Habib Bank was shifted to Pakistan on the personal bidding of Quaid-e-Azam Mohammad Ali Jinnah and came to the aid of the nascent state "even before the Govt of Pakistan was ready to issue appropriate government paper" with a Rs 80 million loan when the Reserve Bank of India failed to deliver Pakistan share of Rs 750 million held by it. It is said that Mohammad Ali Habib gave a blank cheque on Llyod Bank to the Quaid-e-Azam who wrote Rs 80 million in it. (An article in Habib Bank Golden Jubilee Presentation and a letter to the Editor in daily

1.2- Introduction of Bank AL_HABIB:

Bank AL Habib was incorporated as a Public Limited Company in October 1991 and started its operations in January 1992. It is a venture of the Habib Group, which owns 50% of the shares - 20 % shares are owned bank AL Habib was incorporated as a Public Limited Company in October 1991 and

started its operations by NIT and 30% are owned by the general public. The bank operates in the private sector, with 30 branches in the major cities of Pakistan, and has its principle office at Karachi. It is a scheduled bank principally engaged in the business of commercial banking with a network of 233 branches including a wholesale branch (in the Kingdom of Bahrain, a branch in Karachi Export Processing Zone and four Islamic Banking branches. The Bank has invested in 66.67% shares of AL Habib Capital Markets (Private) Limited. The principal objective of the company is to engage in the business of equity, money market and foreign exchange, brokerage, equity research and corporate financial advisory and consultancy services. AL Habib Capital Markets (Private) Limited (the Company) was incorporated in Pakistan as a (Private) Limited Company on 23 August 2005 under the Companies Ordinance, 1984 and started operations from14 December 2005.AL Habib Financial Services Limited is a wholly owned subsidiary of the Bank. The principal objective of the company is to engage in arranging / advising on financial products and services. AL Habib Financial Services Limited was incorporated in Dubai on 05 March 2008. Its commercial banking services also include acceptance and placement of funds in the interbank market; purchase and sale of foreign currencies; trade information and research; remittances and transfer of funds; purchase and sale of government securities; Sui gas bills collection; and MCB rupee traveler cheque services.

1.3- Board of directors:

Name Ali Raza D. Habib Abbas D. Habib Anwar Haji Karim Shameem Ahmed Hasnain A. Habib Imtiaz Aalam Hanfi Murtaza H. Habib Qumail R. Habib Designation Chairman CEO & MD Director Director Director Director Director Executive Director Occupation Businessman Banker Industrialist Banker Industrialist Banker Industrialist Banker

Syed Mazhar Abbas Tariq Iqbal Khan A. Saeed Siddiqui

Director Director Company Secretary

Banker NIT Nominee Banker