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About Us
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DAWOOD HABIB GROUP, which is the sponsor of Bank AL Habib Limited,
have a very long track record of banking which dates back to 1920s.
They were 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 December 31, 1973.
Under the privatization
policy of Government of Pakistan, the 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.
(Late) Hamid D. Habib, grandson of the founder of Habib Group, was
the Chairman of Bank AL Habib Limited. He
was the Director in Habib Bank Limited form 1954 and it's Chairman
from 1971 until nationalization. After the death of Mr. Hamid D.
Habib in May 2000, Mr. Ali Raza D. Habib, who was Director on the
Board, was appointed the Chairman of the Bank.
(Late) Rashid D. Habib, who was the Managing Director of Habib
Bank Limited in 1953 till it's nationalization, was appointed
as the Managing Director & Chief Executive of Bank AL Habib
Limited which post he held till he expired in 1994. After his
death, Mr. Abbas D. Habib who was the Joint Managing Director
and closely associated with the bank since it's inception 1991
was appointed as the Managing Director & Chief Executive
of the Bank. |
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