Arif Habib Limited Retains Top Broker Fiduciary Rating

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Karachi: The Pakistan Credit Rating Agency (PACRA) has maintained the Broker Fiduciary Rating (BFR) of Arif Habib Limited (AHL) at BFR 1 with a stable outlook. This announcement reflects the continued strong sponsorship profile and robust governance structure of the brokerage firm.

AHL’s ownership structure is significantly bolstered by Arif Habib Corporation Limited (AHCL), which holds approximately 74.32% of the shares. The general public, both local and foreign, holds around 21.81%. The financial strength and diverse business portfolio of the group continue to underpin the brokerage’s franchise stability.

The governance at AHL is characterized by an organized structure with a board comprising six directors, including three independents. Key board committees, such as audit, HR and R, and risk compliance, are chaired by independent directors to ensure oversight and accountability.

The management team at AHL is made up of experienced professionals, with strong client services supported by research availability, online trading platforms, and a dedicated service desk. As of the first quarter of the fiscal year 2026, the brokerage firm served approximately 16,065 active clients.

AHL has an independent internal audit, compliance, and risk management functions. The use of system-based monitoring, defined exposure limits, and structured reporting mechanisms contribute to a sound internal control and regulatory compliance framework.

In the fiscal year 2025, AHL’s brokerage revenue increased to approximately PKR 1.14 billion, with a profit after tax of about PKR 979 million. The company maintained a market share of around 7.76%, highlighting its stable competitive position.

Financially, as of September 2025, AHL’s equity strengthened to PKR 2.17 billion, with improved regulatory liquidity capital base (LCB) at approximately PKR 1.37 billion. The liquidity remains strong, demonstrated by a current ratio of 1.26.

PACRA’s assessment underscores the importance of fiduciary practices in client servicing, compliance, and core risk oversight. The agency anticipates further refinements in governance and risk management to sustain AHL’s fiduciary profile.