Saif Group
 | |
| Company type | Holding |
|---|---|
| PSX: SAIF PSX: KOHTM PSX: SPWL | |
| Industry | Textile, Power Generation |
| Founded | 1927 |
| Founder | Khan Faizullah Khan |
| Headquarters | Islamabad, Pakistan |
| Revenue |  $2 billion |
| Owner | Saifullah Khan family |
| Website | saifgroup |
Saif Group is a group of companies headquartered in Islamabad. The companies are involved in power, health care, textiles, real estate and telecommunications.[1] It is owned by Saifullah Khan family.
Subsidaries[edit]
Saif Group of Companies manages and owns 11 companies.[2]
Health Care[edit]
Its health care division Saif Healthcare Limited owns and manages:
- Kulsum International Hospital – a comprehensive cardiology facility located on Islamabad’s Blue Area's primary thoroughfare Khayaban-e-Quaid-e-Azam Jinnah Avenue to deliver services to the rising demand for private sector health care in the Federal Capital Region.
Textile Division[edit]
Its textile division owns and manages three companies:
- Saif Textile Mills Limited, with installed capacity of 88,476 spindles is located at Gadoon Amazai in the Swabi district, Khyber Pakhtunkhwa,[3] Saif Textile Mills is a public traded company which is headquartered in Rawalpindi and majority owned by Saif Group.
- Kohat Textile Mills with installed capacity of 44,400 spindles is located in Kohat,[4] and
- Mediterranean Textile Company is located in Egypt; it has an installed capacity of 63,312 spindles for the production of 100% cotton yarn.[5]
Energy Division[edit]
Pakistan depends on natural gas to meet nearly half of its energy needs. Oil takes care of nearly 30% of its requirements. As a country, Pakistan remains underexplored for oil compared to the rest of the world largely because power generated from river resources (hydel power) and natural gas are cheaper to develop:[1] Jehangir Saifullah Khan is in charge of day-to-day operations in the Energy Division.[1]
- Saif Power Ltd (SPL) is a 225 MW Combined Cycle Thermal Power Project in the Sahiwal District of Punjab, Pakistan.[6]
- Saif Cement Ltd (SCL) is a project under development combining cement ingredient production with a waste-based energy project. The project has acquired a site in Dera Ismail Khan, Khyber Pakhtunkhwa. The proposed product would be Cement clinker an intermediate ingredient used by Pakistan's cement industry. The technology is being provided by Lafarge.[7]
- Saif Energy Limited (SEL) holds interests in 4 blocks with a total oil and gas exploration acreage of 3109.66 km2 in consortium with other energy and power companies, including Pakistan's state-owned Oil and Gas Development Company OGDCL (Pakistan), Mari Petroleum Company Limited MPCL (Pakistan), and Tullow Oil (Ireland).[8] They brought the first GSM phone service to Pakistan in 1994 in a venture with Motorola, named as Mobilink but the Saif Group sold its stakes in 2007.[1]
Real Estate Development[edit]
The Saif Group is developing an area of open land located near Islamabad International Airport into a luxury planned urban development in conjunction with the real estate investment company of Egypt's Sawiris family(EIGHTEEN ISLAMABAD) .[9]
References[edit]
- ^ a b c d Megha Bahree (21 September 2009). "Drilling Amid the Taliban". Forbes.com website. Retrieved 30 September 2017.
- ^ "Rs22.2m for Balochistan quake survivors". The Nation (newspaper). 3 December 2013. Retrieved 30 September 2017.
- ^ Malik, Rashid (30 November 2012). "Pakistan Stocks: with ticker symbol SAIF (Saif Textile Mills Limited) - Analysis - 30/11/2012". Pakistan-stocks.blogspot.com. Retrieved 30 September 2017.
- ^ Lafarge, Saif Group Holdings sign agreement Business Recorder (business newspaper), Published 14 September 2013, Retrieved 30 September 2017
- ^ "Mediterranean Textile Company". Saif Group. Retrieved 30 September 2017.
- ^ "Power Generation". Saif Group. Retrieved 20 May 2016.
- ^ "Saif Group was making efforts to setup a cement plant". 8 February 2020.
- ^ "Oil & Gas Exploration". Saif Group. Retrieved 20 May 2016.
- ^ Abbas, Ghulam (22 October 2018). "Eighteen: How an Egyptian company is building a new $2 billion Islamabad suburb".
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