FIRST DAWOOD INVESTMENT BANK - Key Persons
Arif has worked as General Manager for over 25 years with Pakistan State Oil Company Ltd. His area of expertise were retail, consumer & industrial lubricants. He consistently achieved record high customer satisfaction rankings, which resulted in improvements of the bottom line. He is now recognized as a respected builder and a leader in customer focused teams instill to share enthusiastic commitment towards company's goal attainment.
Bokhari is a veteran Citibanker with over 40 years of experience in investments, strategy planning, marketing corporate banking, strategic business development and financial management. He has very strong in-depth knowledge of business & financial models for a cross-section of industry. He is skilled and with extensive background and a thorough knowledge in Corporate & Institutional Banking, Corporate Finance & Islamic Banking, including a very good knowledge and experience in bank operations & investment banking. He has attended numerous local and international training courses, seminars and workshops.
Job Titles:
- Chief Executive
- Group Chairman of ‘First Dawood Group
Mr. Rafique Dawood is Group Chairman of ‘First Dawood Group' (FDG) and Chief Executive of FDIBL. He is the first M.B.A. graduate of Harvard University from Pakistan; he completed the degree in 1967, after becoming a paper scientist from Manchester, U.K. The latter qualification was necessary to operate one the then biggest paper mill in country i.e. Karnaphuli Paper Mills, Chittagong, East Pakistan (now Bangladesh). The renowned Dawood Group acquired the mill from PIDC in 1964, but the separation of East Pakistan in 1971 and later nationalization of industries in 1974 prompted Mr. Dawood to migrate to Canada and he did not return until the climate was made conducive for private enterprises in early 1990s. He initiated with a humble beginning by incorporating Dawood Leasing Co. Ltd. in 1994, which within a decade became an investment bank (FDIBL). In between, he acquired & merged over a dozen Modarabas and incorporated asset management company, which is turn floated three mutual funds, an equity brokerage house, an Islamic bank, a family takaful company, a wind farm in collaboration with a Chinese counterpart and also constructed a twenty storey building in the financial district of Karachi. Like all other financial sector businesses; FDG also came under severe liquidity crisis during 2008-09, but today all the group companies have recovered and paid-off almost entire liabilities. Mr. Dawood plans to continue expansion of his businesses and aims to specialize in real estate and power sector both as an investor as well as an adviser.
Job Titles:
- Senior Executive Vice President
- CEO ) ( Subject to SECP Approval
Mr. Muhammad Rizwan-ul Haque is an MBA from IBA-Punjab University, Lahore with a major in finance. He has got over 25-years of; investment, corporate & commercial Banking experience. Mr. Haque's area of interest & expertise is; corporate finance & restructuring, corporate Management, dispute Resolution and Riba-free finance. Mr. Haque is working with FDIBL, as senior-most person since 2004. Amidst the financial crisis of 2008-09; he was responsible for presenting the novel idea to settle outstanding liabilities of ‘FDIB' against its assets, in view of severe cash crunch situation in the industry. The implementation of the idea has assisted FDIBL to settle with over 50-institutions for amounts valuing Rs.9.5bn (i.e. around 95% of total loans) in 10-12 years and ‘FDIB' has successfully come out of the debt trap without any external financial assistance. This is an unmatched feat in ‘Global Corporate World'. Earlier, Mr. Haque was actively involved in establishment of new entities including; ‘Dawood Islamic Bank Ltd.' and Dawood Family Takaful Ltd.' (DFTL). Prior to ‘FDIB', Mr. Haque has worked in all major cities of the country with foreign banks and also with a renowned brokerage house. He has personal interest in ‘Islamic Economic System' and has done some independent work on it. Mr. Haque was founding Chairman of ‘DFTL' (an Islamic Life Insurance Company) and performed his responsibilities for about ten years. He is still on the board of directors of DFTL, which is making steady progress.