ABID UZAIR | BRANCH MANAGER | BANK AL HABIB LIMITED
Dawood Habib Group
DAWOOD HABIB GROUP, the sponsor of Bank AL Habib Limited, has a long track record in Banking which dates back to the 1920’s. The Bank was among the founder members of Habib Bank Limited which played a major role in meeting the financial and banking needs of Pakistan, and which was nationalized along with other Banks in Pakistan on January 1, 1974.
Under the subsequent privatization policy of Government of Pakistan, DAWOOD HABIB GROUP was granted permission to set up a commercial bank. Bank AL Habib was incorporated as a Public Limited Company in October 1991 and started banking operations in 1992.
The Late Hamid D. Habib, grandson of the founder of Habib Group, was the first Chairman of Bank AL Habib Limited. He was the Director in Habib Bank Limited from 1954 and its Chairman from 1971 until its nationalization. After the death of Mr. Hamid D. Habib in May 2000, Mr. Ali Raza D. Habib, who was Director on the Board, he was appointed the Chairman of the Bank, a position he continues to hold.
The Late Rashid D. Habib, who was the Managing Director of Habib Bank Limited from 1953 till its nationalization, was appointed as the Managing Director & Chief Executive of Bank AL Habib Limited until he passed away in 1994. After his death, Mr. Abbas D. Habib who was the Joint Managing Director and closely associated with the Bank since its inception in 1991, was appointed as the Managing Director & Chief Executive of the Bank. He now holds the prestigious position of Chairman of the Board of Directors while Mr. Mansoor A. Khan has now officially been elevated to the Chief Executive position, effective November 1, 2016.
BANK AL HABIB LIMITED