Abid Ali Habib
Abid Ali Habib
Mr. Abid Ali Habib is the Chairman and Chief Executive of Abid Ali Habib Securities (Private) Limited and the Director of Aba Ali Habib Securities (Private) limited.
Mr. Habib has been nominated on CDC’s Board by the PSX’s Board of Directors. At CDC, he also serves as Deputy President of Disciplinary Tribunal and is a member of the Audit Committee. In the past, he has been elected as Director of the Exchange (now PSX) for various terms between the years 1995 and 2011. During these years, he has served on various Committees constituted by the Board, as Chairman or member.
He played the central role in conceptualization, planning and design of internet-based order routing system and also supervised, implemented and tested Karachi Automated Trading System. As member of Demutualization Committee of KSE during the years 2005, 2006 and 2010, Mr. Habib was the key figure in preparation of Preliminary Report on proposed demutualization of KSE, identifying various issues and recommendations thereon, in line with existing models and international practices.
Mr. Habib held in past the position of Chairman, Companies Affairs/Corporate Governance Committee of KSE for the years 2010 and 2011. Some of the major achievements of this term included (i) various amendments in Listing Regulations; (ii) amendments in the Regulations related to price discovery; (iii) transparency in bidding process for offer of securities by developing an In – House Software; (iv) implementation of regulations in order to promote listing of Privately Placed Debt Securities to QIB’s on Over – the – Counter Market; (v) development of regulations for the promotion of listing of securities; (vi) major amendments in the Criteria for Selection of Top Companies were implemented; (vii) action against Delinquent / non – performing companies in violation of listing regulations was incorporated; (viii) revision of listing fee; (ix) implementation of regulations for verifications of rumor mongering; and (x) amendments in the Regulations pertaining to disclosure of information.
Presently, Mr. Habib is Chairman of Trading and Commercial Affairs Committee and acting as a member of Human Resources & Remuneration Committee, Investment Committee and Voluntary Delisting Committee of PSXs Board besides being an active member of Divestment Committee.