Connecting people, ideas and capital, we will be our client's first choice for achieving
their financial aspirations.
We put interest of our stakeholders above our own; and measure
our success by how much we help them in achieving theirs.
Business @ Speed of Thought
First National Equities Limited was incorporated as a Public
Limited Company on October 3, 1994 and formally started its operations on February
7, 1995. A Corporate Member of Karachi Stock Exchange (Guarantee) Limited and registered
as a Brokerage House under the Brokers & Agents Registration Rules, 2001 with Securities
and Exchange Commission of Pakistan, FNEL is primarily engaged in the business of
shares brokerage, consultancy services and underwriting.
FNEL has earned a good reputation as well as a prominent
position among local brokerage houses. Its comprehensive, high quality and distinct
financial services have guaranteed the continuous trust of portfolio and strategic
investors. FNEL's long-term development strategy is based on good relations with
clients and expansion of mutual trust. The management, sales team, analysts and
other professionals at FNEL share a common vision of FNEL's future - to maintain
a distinguished position in the financial markets and expand its services' portfolio.
The company's National Tax No is 0813624 , Registeration No : 0033402
and Email address : email@example.com
THE BOARD OF DIRECTORS
The Board of Directors of the Company comprises of eminent
business personalities having vast business experience spanning over decades including
more than 10 years of financial markets. The brief detail of business experience
of the directors is as under:
1. Mr. Ali Aslam Malik, Chairman/Director/CEO [detail]
Mr. Ali Aslam Malik is the Chief Executive of the Company.
He obtained his Masters in Commerce from Hailey College of Commerce, University
of Punjab in Lahore. He has attended numerous workshops and courses on Investment,
Risk Management, Management Information Systems, Corporate & Quality Management
as well as local and national security from various institutions, both locally and
An entrepreneur by nature, Mr. Malik has over fifteen years
of experience in the field of Investment Banking, Stock Brokerage, Funds Management,
Equity and Debts Instruments, Underwriting, Placements, Syndication and Corporate
Research. Apart from heading this group, Mr. Malik provides consultation to companies
in both public as well as the private sector.
2. Mr. Malik Attiq-ur-Rehman, Director [detail]
He is an industrialist by trade, having over three decades
of experience in the field of business and industry. Mr. Malik has represented the
Government of Pakistan on numerous forums, including International Labor Organization,
UNO in Geneva.
Mr. Attiq holds directorship in Excel Industries Limited,
Accord Processing & Trading Works (Pvt.) Limited, and Nouvell (Pvt.) Limited. He
is presently Senior Vice Chairman of All Pakistan Recycle Paper Board Manufacturing
Association of Pakistan.
3. Mr. Muhammad Iqbal Khan, Director [detail]
Mr. Khan, Chartered Accountant by qualification, is partner
in M/s. Sajid Iqbal & Co., Chartered Accountants. Before launching the accountancy
firm, he had served as Group General Manager, Nagina Group of Companies. He had
been looking after Taxation, Accounts & Audit, Finance and Legal Issues of the group
concerns - five listed and five unlisted companies. He is a visiting faculty member
at SKANS School of Accountancy, Lahore since 1993 and is imparting quality education
to aspiring CAs. Besides being a CA, he is also has Fellowship of Pakistan Institute
of Public Finance Accountants (FPA).
4. Mr. Shahzad Akbar, Director
A Commerce Graduate by education, Mr. Akbar holds more than
ten years of practical experience in the manufacturing sector. He also possesses
vast international banking experience, working as Sr. Financial Services Officer
at Bank of America, Houston, USA and as the Business Banking Specialist at Bank
Currently, he is the CEO of Millennium Buying House, one
of the largest procurers of dyed yarn and ready made garments in Lahore. He also
holds the position of CEO at Trisoft International Inc., whose clients include Hay
Group (world's largest HR firm) among many others.
5. Mr. Rais Ahmed Dar, Executive Director
Mr. Rais Ahmed Dar is a CA Intermediate from the Institute
of Chartered Accountant of Pakistan. Prior to this he gained a Bachelor's Degree
He has more than thirty years of practical experience in
handling the financial management, accounting, audit, tax and corporate matters
of renowned organizations like a reputed Chartered Firm, Ghee Corporation of Pakistan
(Pvt) Ltd, Burewala Textile Mills Ltd. & FNE Group of Companies. He has the experience
of ensuring compliance regarding the requirements envisaged in the Companies Ordinance,
1984. He is also a life time member of Lahore Tax Bar Association.
6. Mr. Amir Shehzad, Executive Director
Mr. Amir Shehzad is a Commerce Graduate and has more than
seven years of working experience as an Equity Trader and Portfolio Manager. He
has a deep understanding of Capital Markets, with particular focus on Stock Markets,
relevant rules and Regulation of Stock Exchanges and Securities and Exchange Commission
The Company is managed by a dedicated team of highly qualified
and experienced professionals and well-reputed sponsors. The management team carries
vast experience of the capital markets and enjoys a competitive edge with its risk
management skills to make prudent investment decisions taken on rational equity
market analysis. The brief profile of the key members of the management team is
1. Mr. Ali A. Malik, Chief Executive Officer
Please refer to The Board of Directors.
2. Mr. Rais Ahmed Dar (Chief Financial Officer)
Please refer to The Board of Directors
3. Mr. Muhammad Ali Khan, Head of Sales
Please refer to The Board of Directors
4. Mr. Asif Mumtaz Mian (Company Secretary)
Mr. Asif Mumtaz Mian is a Fellow Member of ICMAP, having
twelve years experience in Capital Markets and the Textile sector. He has expertise
in brokerage business management, financial management, risk management, financial
accounting, tax, internal auditing, corporate matters and statutory compliance.
Mr. Asif Mumtaz Mian is serving as Company Secretary of FNEL
since May, 2010 and is responsible for ensuring statutory compliance with the Companies
Ordinance, 1984, Code of Corporate Governance and all other relevant rules, laws
5. Mr. Abid Yousaf (Head of IT & MIS)
A Computer Science Graduate from the Canadian School of Management
(CSM), Institute of Graduate Studies in Manitoba, Canada Mr. Abid heads the IT division
of FNE Group. He has over 18 years of experience under
his belt in the field of IT, having served in various industries ranging from Textile,
Glass, Pharmaceuticals, and Healthcare to the Stock Market. He serves as an asset
to the group and his innovative ideas have been of immense benefit.
Associated Companies :
First Pakistan Securities Limited.
Switch Securities (Pvt.) Limited.
First Florance Developers (Pvt.) Limited.
National Asset Management Company Limited.
MCD Pakistan Limited.