Company Info

Board of Directors:

Mr. Abbas Akberali – Executive Director & Chief Executive Officer

Mr. Abbas Akberali founded Amreli Steels in 1972 and since then has led the company to become the largest and most well-known steel bar manufacturer in Pakistan. Mr. Abbas Akberali brings unparalleled experience; with a metallurgical engineering background combined with an MBA from Columbia University, NY. He has also held leadership roles in the cement, ship breaking and metal recycling industries. Mr. Abbas has played an influential role in driving reforms and policy aimed towards making Pakistan’s steel industry more competitive and sustainable. With a passion for educating Pakistan, Mr. Abbas Akberali is also a founding member of The Hunar Foundation and serves on the board of other notable non-profit organizations.

Mr. Badar Kazmi – Independent Non-Executive Director

Mr. Kazmi brings with him wealth of experience spanning over 33 years including almost all facets of the banking in Pakistan, Middle East, South Asia and Africa. Mr. Kazmi started his career with BCCI in 1980 and worked for 11 years in Pakistan and the Middle Eastern Region. Mr. Kazmi joined Standard Chartered Group (SCB) in 1991 and held various positions including Regional Head of Global Markets for MESA (Middle East and South Asia) and Africa. In 2003, he was appointed as CEO of SCB Pakistan, a position he held till late 2010. In recognition for his services to banking in Pakistan, Mr. Kazmi was also decorated with the civil award ‘Sitara-e-Imtiaz’ by the President of Pakistan.

Mr. Zafar Ahmed Taji – Independent Non-Executive Director

Mr. Taji started his career in 1971 after completing MBA from IBA Karachi holding first position. Since then, he has spent 35 years with multinationals like Exxon Corp, Union Carbide of USA, British American Tobacco/Pakistan Tobacco and Interloop. Mr. Taji is also Certified Corporate Governance professional from IFC/PICG. Presently he is Special Advisor to Directors of Sapphire Fibers. He has the honor of being member of Prime Minister Pay and Pension Commission, Advisor to NAB for developing/implementing its Change Management Program, Advisor to Pakistan Air force for resolving cultural issues of collaborating with China on developing JF 17s at Kamra Air Base, and HR Advisor to PCB for a number of years. He also has been Dean of Riphah University and Director General of NUST Business School.

Mr. Shayan Akberali – Executive Director & Managing Director

Mr. Shayan Akberali joined Amreli Steels in 2002 after completing a Bachelor’s Degree in Electrical Engineering from Northwestern University, USA and working for Lehman Brothers, NY. Over the past decade, Mr. Shayan has played an integral role in expanding and professionalizing the company in his various roles overseeing production, technical development and planning. Mr. Shayan was instrumental in expanding production capacity from 60,000 tons/year to 180,000 tons/year and is currently leading an expansion project to double capacity. Responsible for various company functions in his role as MD, Mr. Shayan has built a strong team of professionals that bring functional expertise as well as leadership to steer the company to higher growth.

Ms. Kinza Shayan – Non-Executive Director

Ms. Kinza Shayan is a graduate in Management Sciences from SZABIST and is currently pursuing a diploma in sports nutrition. She also writes for various publications on fitness and nutrition while gearing up to start her own business in the health sciences field.

Ms. Mariam Akberali – Non-Executive Director

Ms. Mariam Akberali brings great diversity to the board with experience in the food, restaurant, mental health, and education sectors in Pakistan. She has earned a degree in Psychology from Franklin & Marshall College, USA and is passionate about social entrepreneurship in Pakistan.

Management:

Mr. Fazal Ahmed - Chief Financial Officer

Mr. Ahmed is an associate member of the Institute of Cost & Management Accountant of Pakistan. He is associated with the company since 2008. As a member of senior leadership team, he acts as a Partner to the CEO and an advisor to the divisional heads, evaluating and assisting them with their financial goals. Mr. Ahmed carries with him professional experience of over 25 years in financial and accounting disciplines having served for more than 20 years as head of finance at different financial and manufacturing institutions across Pakistan

Mr. Hadi Akberali - Chief Operating Officer

Mr. Hadi Akberali brings a mix of technical, management and leadership skills after graduating from Northwestern University, USA in Industrial Engineering and obtaining an MBA in Finance and Strategy from INSEAD, France. With over 10 years of experience in the steel industry, Mr. Hadi Akberali was instrumental in the company’s vertical integration plans by spearheading the implementation of the billet manufacturing facility in 2011. Recently, Mr. Hadi successfully implemented SAP across the organisation and is also leading the marketing, corporate affairs, MIS and new business development functions.

Office Addresses of The Directors:
AMRELI STEELS LIMITED
A/18, S.I.T.E., Karachi.
T: (92-21) 32587232-9
F: (92-21) 32587240, 38798328

Symbol of the Company:
ASTL

Link of Pakistan Sock Exchange Limited:
www.psx.com.pk

Financial Highlights:
Open PDF File

Earnings per Share (Year ended 30 June 2016):
Rs.4.81

Breakup value per Share – with Revaluation Surplus (Year ended 30 June 2016):
Rs. 35.99

Breakup value per Share – without Revaluation Surplus (Year ended 30 June 2016):
Rs. 29.83

Free Float Shares (As on 30 September 2016):
Details of Free Float Shares

External Auditors:
EY Ford Rhodes
Chartered Accountants
Progressive Plaza, Beaumont Road,
Karachi, Pakistan

Internal Auditors:
BDO Ebrahim & Co.
Chartered Accountants
2nd Floor, Block-C,
Lakson Square,Building No. 1,
Sarwar Shaheed Road, Karachi, Pakistan

Registration / NTN:
Company Registration Number: 0012534
National Tax Number: 0709641-7

Legal Adivsor:
Mr. Shamim Javaid Shamsi
A-102, Samina Avenue, Shadman No.2
North Karachi, Karachi

Share Registrar:
THK Associates (Private) Limited
Shares Department, 2nd Floor, State Life Building No.3
Dr. Ziauddin Ahmed Road, Karachi - 75530 Pakistan
UAN : 111-000-322
Fax : (021) 35655595
Email: [email protected]
URL: www.thk.com.pk

Status of Company:
Economically Significant Company

Membership of Trade Bodies:
Karachi Chamber of Commerce and Industry (KCCI)
Pakistan Steel Melters Association (PSMA)

Associated Company:
Shershah Industries (Pvt) Ltd

Regulators:
Securities and Exchange Commission of Pakistan (SECP)

Company Rating:
Long Term Credit Rating: A
Short Term Credit Rating: A1
Rating By: The Pakistan Credit Rating Agency Limited (PACRA)
Rating As Per October 2016

For Investor Grievance:
Please send an email to [email protected]
or
Write a letter to:
The Company Secretary
Amreli Steels Limited
Plot No. A-18, S.I.T.E. Karachi, Pakistan

The Website Link of SECP's Investor Complaint Section is:
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