Saif Group
 | |
| Company type | Holding |
|---|---|
| PSX: SAIF PSX: KOHTM PSX: SPWL | |
| Industry | Textile, Power Generation |
| Founded | 1927 |
| Founder | Saifullah Khan |
| Headquarters | Islamabad, Pakistan |
| 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.
Subsidiaries
[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, 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.[3]
- Mediterranean Textile Company is located in Egypt; it has an installed capacity of 63,312 spindles for the production of cotton yarn[4][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
[edit]The Saif Group is developing an area of open land located near Islamabad International Airport into a luxury planned urban development housing project named Eighteen Islamabad; in conjunction with the real estate investment company of Egypt's Sawiris family.[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. 3 December 2013. Retrieved 30 September 2017.
- ^ Lafarge, Saif Group Holdings sign agreement Business Recorder, Published 14 September 2013, Retrieved 30 September 2017
- ^ Ahmad, M. Ghufran; Rasheed, Danish (6 March 2018). "Mediterranean Textile Company: Negotiating for the Release of Hostages". Asian Journal of Management Cases. 15 (1): 92–101. doi:10.1177/0972820117744686 – via CrossRef.
- ^ "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".