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Company & Group Profile

MCB-Arif Habib Savings and Investments Limited(MCB-AH) is an Asset Management Company which is a subsidiary of MCB Bank Limited and manages investments of over Rs. 120.2 billion (as of September, 2020) on behalf of over 75,000 customers. Our customers comprise a broad range of individuals, trusts, pension and provident funds, companies and even public sector entities. The company is rated AM1 (AM One) by PACRA (06-Oct-2020) by PACRA.

MCB-Arif Habib Savings and Investments Limited manages 15 Mutual Funds, 2 Voluntary Pension schemes and different Investments Plans in its product portfolio to meet the investment needs of its growing clientele. The Company was conceived in the year 2000 and in March 2002, two of its flagship Funds, the MCB Pakistan Stock Market Fund (MCB-PSM) and the Pakistan Income Fund (PIF) were launched.

MCB-Arif Habib Savings and Investments Limited is listed on the Pakistan Stock Exchange. It is is regulated by the Securities & Exchange Commission of Pakistan (SECP) under the Non-Banking Finance Companies (Establishment and Regulation) Rules, 2003, Non-Banking Finance Company and Notified Entities Regulations 2008 and Voluntary Pension System Rules 2005 and holds licences for Asset Management, Investment Advisory and Pension Fund Management Company, managing Open-end Mutual Fund and Pension Funds. MCB-Arif Habib Savings and Investments Limited is a member of the Mutual Funds Association of Pakistan (MUFAP).

MCB-Arif Habib Savings and Investments Limited has been an industry leader, setting international standards and bringing innovative products to market.

  • One of the largest client base in the private sector asset management companies.
  • MCB-AH enjoys one of the highest Asset Manager Rating of ‘AM1’ (by PACRA) in the industry
  • MCB Pakistan Asset Allocation Fund (MCB-PAAF) has been assigned 5-star ranking for one year due to its outstanding performance by PACRA based on returns achieved up to 30th June 2012
  • Our Equity based fund i.e. Pakistan Stock Market Fund was included in the World’s Top 100 Equity Funds for 2012 by Thomson Reuters Lipper
  • Pakistan Income Fund launched in March 2002 by MCBAH was the First Income Fund in the mutual fund industry
  • MCB-AH brought first private sector Equity Fund of the country in March 2002, i.e. Pakistan Stock Market Fund which has created an Alpha of 192% (over KSE-100) since inception till April 2013
  • Pakistan Cash Management Fund became the First Money Market Fund to be assigned stability rating of ‘AAA(f)’ in the country
  • MCB Pakistan Sovereign Fund MCB-PSF, established in 2003 was the first sovereign risk Income Fund in the industry
  • Pakistan Premier Fund (PPF, then a Closed-end Fund) was also placed in KSE top 25 companies in 2005 and 2006
  • Pakistan Income Enhancement Fund rewrote history in Fixed Income Funds category (inception in Aug’2008) by earning highest ever annualized return of 18.33% in FY’09 (normal return without any provisioning reversals)
  • Alhamra Islamic Asset Allocation fund (Formerly: Pakistan International Element Islamic Asset Allocation Fund) was the first Mutual Fund in the country with permission from the State Bank of Pakistan to invest in overseas markets
  • MCB-AH was the first Asset Management Company to convert a Closed-end Fund (Pakistan Capital Market Fund) into an open end fund in 2006 keeping investors benefit as its supreme interest
Asset Manager Rating by PACRA

Management Company: AM1 *

* “AM1”: Asset Manager meets very high investment management industry standards and benchmarks with noted strengths in several of the rating factors.

Date: 6th October 2020

Entity Rating by PACRA:

Entity Rating: ‘AA-‘ (Long Term), ‘A1+’ (Short Term)
Date: 28th December 2017

Group Profile

MCB is one of the oldest banks of Pakistan, incorporated in 1947. It was privatized in 1991. To accede to international capital markets, the Bank launched Global Depositary Receipts (GDRs) in 2006. It was the first Pakistani Bank that got its GDRs listed on the London Stock Exchange. In 2008, the Bank entered into a strategic partnership with Maybank, Malaysia, which owns 20% stake in it through Mayban International Trust (Labuan) Berhad.

MCB Financial Services Limited

Holding: 99.999%
Profile: Float, administer and manage modaraba funds, modarabas and also acts as trustees of various mutual funds.

MNET Services (Private) Limited

Holding: 99.95%
Profile: One of the largest service providers for Electronic Transactions to various financial institutions / banks including related services in Information Technology, software and data processing.


MCB-Arif Habib Savings and Investments Limited

Holding: 51.33%
Profile: Asset management, investment advisory, portfolio management, equity research and underwriting.

“MCB Leasing” Closed Joint Stock Company, Azerbaijan

Holding: 95.00%
Profile: It leases various types of industrial equipment, public transports, real estate and retail auto leases.

With reference to significant holding, the following entities are associates of the Bank;


Adamjee Insurance Company Limited

Holding: 29.13%

Euronet Pakistan (Private) Limited

Holding: 30%


Arif Habib Corporation Limited (AHCL) is the holding company of one of the major business groups of Pakistan. The Company has a diversified portfolio across sectors including Chemical and Fertilizers, Financial Services, Construction Materials, Industrial Metals and others.AHCL aims to seek opportunities globally as well. The Company has begun to leverage its core competences and currently has invested in an equity brokerage house in Sri Lanka and has acquired membership of a multi commodity exchange in the UAE. AHCL has over time, won several prestigious national and regional awards in recognition of its consistently strong financial performance, sound corporate governance practices and transparent comprehensive financial reporting through its reliable and experienced management team. AHCL’s brand name is built on years of commitment to the best interest of all stakeholders. The Company has a strong record of quality asset selection and decisive market timing but above all, adherence to high standards of best practices. Group companies own and manage assets of several hundred million US dollars.

AHCL and its group companies are managed by its most important resource i.e. qualified and experienced professional employees. In order to further capitalise on this strength, the Company is constantly improving the work area environment and with emphasis on strong commitment to a dynamic and energetic culture that encourages innovation. The management team is responsible to protect the stakeholders’ interest in a manner that their interests are aligned with the Company’s objectives. AHCL is the flagship company of the Arif Habib Group. The company was incorporated on 14 November 1994 as a public limited company under the Companies Ordinance, 1984 with a paid up capital of Rs. 40 million. The Company was listed in 2001 on all three bourses of the Country by offering one million shares to the general public at a price of Rs. 80 per share (being the Book Value at that time) raising Rs. 80 million. The Company has had a distinction of being the winner of the prestigious “PSX Top 25 Companies Award” for many years since its listing. AHCL, over the years, has distinguished itself as a superior asset manager while keeping the risk at an acceptable level.