Habib Group has listed financial assets worth Rs160bn with major interests in Indus Motor Company, Thal Ltd, Habib Insurance, Habib Sugar Mills, Shabbir Tiles and Ceramics and Habib Metropolitan Bank. Lakson Group has in its fold Colgate-Palmolive (Pakistan), Century Paper and Board Mills, Merit Packaging and Century Insurance, with an aggregate paper value of Rs193bn. The group is the sponsor of mostly blue-chip companies like Pakistan Oilfields, National Refinery, Attock Refinery, Attock Petroleum and Attock Cement, which are cumulatively valued at Rs231bn.Īga Khan Group has the biggest stakes in Jubilee Life Insurance, Jubilee General Insurance and its flagship entity, Habib Bank, valuing Rs213bn. The Pharaon family of Kingdom of Saudi Arabia is the principal owner of Pharaon Group of Companies which are mainly in oil, refinery and cement sectors. Bestway Group, founded by the British billionaire Sir Mohammed Anwar Pervez, owns one of the three largest commercial banks in Pakistan, United Bank Limited, along with and Bestway Cement.
“Fauji Foundation is the only group in the list which uses all of its income for the welfare of the people with over nine million beneficiaries across the country.” Mr Ashraf cautions that the above analysis does not include investments by these groups in their unlisted ventures.Įight other major commercial and financial groups together hold controlling shares in 28 listed companies and banks with an aggregate value of Rs1.33tr. The group owns MCB Bank, DG Khan Cement, Nishat Mills and Adamjee Insurance Company, which the business magnate and founder of the group, Mian Muhammad Mansha, acquired years ago from the Adamjee Group.Īwais Ashraf, head of research at Foundation Securities, says that with six listed companies, Fauji Foundation tops the chart with a group share of 5.8pc in the PSX market capitalisation. The sprawling business empire of Nishat Group has controlling interests in eight listed entities of the aggregate value of Rs327bn based on market share prices.
All three entities are collectively worth Rs347bn.Īn unknown number of Pakistani-origin, super-rich people prefer to live quiet and private lives away from the media glare But the group also owns another giant, ICI Pakistan, and Gadoon Textile Mills. The third conglomerate, Yunus Brothers Group, is known for its huge share in the cement market with its flagship listed company, Lucky Cement. These are Engro Corporation, Engro Fertilisers, Dawood Hercules, Engro Polymer and Chemicals, Engro Powergen Qadirpur and Dawood Lawrencepur Ltd. Hussain Dawood Group owns six listed companies with the market capitalisation of Rs372bn. The group recently expressed interest in taking over a smaller Silkbank Ltd. These companies have a combined value of Rs449 billion. With the market capitalisation of Rs7.95 trillion on March 18, the four groups together have within their folds as many as 23, mostly blue-chip, listed companies with an aggregate market value of Rs1.55tr.įauji Foundation holds majority stakes in Fauji Fertiliser Company, Fauji Fertiliser Bin Qasim,įauji Cement, Askari Bank, Mari Petroleum and Fauji Foods. Four powerful conglomerates - Fauji Foundation, Hussain Dawood Group, Yunus Brothers Group and Nishat Group - control 19.3 per cent of the total market capitalisation of the Pakistan Stock Exchange (PSX).
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