Saif Groupis agroup of companiesheadquartered inIslamabad.The companies are involved inpower,health care,textiles,real estateandtelecommunications.[1]It is owned bySaifullah Khan family.
 | |
| Company type | Corporate group |
|---|---|
| PSX:SAIF PSX:KOHTM PSX:SPWL | |
| Industry | Textile,Power Generation |
| Founded | 1927 |
| Founder | Saifullah Khan |
| Headquarters | Islamabad,Pakistan |
| Owner | Saifullah Khan family |
| Website | saifgroup |
Subsidiaries
editSaif Group of Companies manages and owns 11 companies.[2]
Health Care
editIts health care division Saif Healthcare Limited owns and manages:
- Kulsum International Hospital – a comprehensive cardiology facility located on Islamabad'sBlue 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
editIts textile division owns and manages three companies:
- Saif Textile Mills Limited, with installed capacity of 88,476 spindles is located at Gadoon Amazai in theSwabi district,Khyber Pakhtunkhwa,Saif Textile Mills is a public traded company which is headquartered inRawalpindiand majority owned by Saif Group.
- Kohat Textile Mills with installed capacity of 44,400 spindles is located inKohat.[3]
- Mediterranean Textile Company is located inEgypt;it has an installed capacity of 63,312 spindles for the production of cotton yarn[4][5]
Energy Division
editPakistan 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 Khanis 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 theSahiwal DistrictofPunjab, 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 inDera Ismail Khan,Khyber Pakhtunkhwa.The proposed product would beCement clinkeran intermediate ingredient used by Pakistan's cement industry. The technology is being provided byLafarge.[7]
- Saif Energy Limited (SEL) holds interests in 4 blocks with a total oil and gas exploration acreage of 3109.66 km2in consortium with other energy and power companies, including Pakistan's state-ownedOil and Gas Development CompanyOGDCL (Pakistan),Mari Petroleum Company LimitedMPCL (Pakistan), andTullow Oil(Ireland).[8]They brought the first GSM phone service to Pakistan in 1994 in a venture withMotorola,named asMobilinkbut the Saif Group sold its stakes in 2007.[1]
Real Estate
editThe 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'sSawiris family.[9]
References
edit- ^abcdMegha Bahree (21 September 2009)."Drilling Amid the Taliban".Forbes website.Retrieved30 September2017.
- ^"Rs22.2m for Balochistan quake survivors".The Nation.3 December 2013.Retrieved30 September2017.
- ^Lafarge, Saif Group Holdings sign agreementBusiness 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.Retrieved30 September2017.
- ^"Power Generation".Saif Group.Retrieved20 May2016.
- ^"Saif Group was making efforts to setup a cement plant".8 February 2020.
- ^"Oil & Gas Exploration".Saif Group.Retrieved20 May2016.
- ^Abbas, Ghulam (22 October 2018)."Eighteen: How an Egyptian company is building a new $2 billion Islamabad suburb".