Election of Directors
FINAL LIST OF CONTESTING CANDIDATES
All the shareholders of the Company are hereby notified that pursuant to Section 178(3) of the Companies Ordinance, 1984, the following persons have filed their intention to contest the Election of Directors of the Company at the Extra Ordinary General Meeting of the Company, scheduled to be held on 21st April, 2017.
1. Mr. Mohammad Abdullah
2. Mr. Shahid Abdullah
3. Mr. Nadeem Abdullah
4. Mr. Amer Abdullah
5. Mr. Yousuf Abdullah
6. Mr. Shayan Abdullah
7. Mr. Nabeel Abdullah
8. Mr. Nadeem Karamat
Since the number of persons who have offered themselves to be elected does not exceed the number of Directors fixed under section 178(1) of the Companies Ordinance, 1984 the persons named above shall be deemed to be elected as Directors at the forthcoming Extra Ordinary General Meeting.
Profile of Candidates
Mr. Mohammad Abdullah is the chairman and founder of Sapphire Group of Companies. He possesses wide and varied experience in Textile Business. He has been in this business for more than 50 years. He has full knowledge of internal working of Textile Mills and from time to times provides guidance to the management in running the affairs of mill efficiently and smoothly. He has special knack in formulation of polices, future planning and selection right type person for job. He widely traveled abroad and enjoys good reputation both within and outside the country. He is the recipient of Sitara-e-Imtiaz. He is also on the Board of other group companies and philanthropy trust.
Mr. Nadeem Abdullah graduated as commerce graduate from MC Gill University Canada. He is currently the Chief Executive officer of Sapphire Textile Mills Limited and director in other group companies. He also has been director and member of Young President Organization, The Indus Entrepreneur, AISEC, India Pakistan Chief Executive Business Form, Karachi Cotton Association, Pakistan Business Council and Standard Chartered Pakistan. He has led the business growth of the organization, introduced new product lines and let the development of more value added products. He was involved hands-on with the development of the Group’s textile operations, which has provided him with an in-depth understanding of the business. He has spearheaded the diversification of the group in non- textile business Mr. Nadeem has developed expertise in multiple disciplines including sales and marketing, supply chain management, product development and management etc.
Mr. Shahid Abdullah has been associated with sapphire group since 1980. Being a director of various companies of Sapphire Group, responsibilities bestowed upon him enabled him to accept challenges and take decision in critical scenarios. He has to plan and forecast for both long and short-term positions. He has actively participated in planning for the new projects and served in an excellent manner for expansion and development. He introduced new lines in textile business in Group like Knitting; cone Dyeing, Fabric Dyeing and finishing lines. He has attained very good experience of Textile Spinning, weaving, Knitting, Dyeing, Finishing and Power Generation. Recently Sapphire Electric Company Limited, a combined cycle, duel fuel power project, has started its commercial operations with a capacity of 225 MW. He is the Chief Executive of the Company. He has experience and is competent in business dealings, especially for procurement of plant and machinery, raw material and other Assets. He has experience in sale promotion and has successfully created goodwill for Sapphire products in local as well as in Export Markets. In addition to good knowledge and experience of production Sales and procurement, he is a good administrator and handled the administration of the group very successfully. He holds bachelor’s degree in commerce from Karachi.
Mr. Amer Abdullah is Master in Business Administration from USA. He joined the Group in younger age and was appointed as Director in 1990 in various group companies. He has undertaken various expansion projects of Textile sector and has diversified towards Dairies. Being a Director of Sapphire Group, responsibilities bestowed upon him, enabled him to accept challenges and take decision in critical scenarios. The Textile has quite complex dimension due to seasonal exposure and hence it requires to be out maneuvered by efficient planning. He is experienced and is competent in business dealings especially for procurement of plant and machinery, raw material and other assets. He has rich experience in sales promotion and has successfully added goodwill for sapphire products in Domestic as well as in Export Markets.
Mr. Yousuf Abdullah is Master in Business Administration from UK. He is Chief Executive Officer of Sapphire Finishing Mills Limited and also on the Board of other group business. He became Director in various companies of Sapphire Group in 1995. He has attained very good experience of Textile, Dyeing, Knitting and Finishing. He has actively participated in planning for new projects and served in an excellent manner for its implementation and expansion. He introduces new lines in Textile business. Having good experience in sale promotion, he added goodwill for sapphire product in local as well as in international markets. Presently he is working for expending in value addition textile chains / Lines. In addition to good knowledge and experience of production sale and procurement, he is good administrator and handled the administration of the group very successfully.
Mr. Nabeel Abdullah has done his Bachelor of Science in Economics from the London School of Economics. Additionally, he has taken numerous professional courses at the Lahore University of Management Sciences. Before joining the Sapphire Group, he also interned at Citi, in the Commercial Bank, in London for 3 months. Nabeel was trained for one year at Sapphire before being appointed Director. He is currently overseeing raw material procurement, sales, production, accounts and finance for Sapphire Textile Mills Ltd and specially in weaving.
Mr. Shayan Abdullah has done Bachelor of Science in Business Management with concentration in Economics and Finance USA. Additionally he has undertaken various professional courses from universities such as London School of Economics and Lahore University of Management Sciences. Before getting appointed as a director with Sapphire Group of Companies, Mr. Shayan was trained for two years with Sapphire group companies. He oversees raw material procurement, accounts and marketing for spinning divisions of Sapphire Fibres Limited, Amer Cotton Mills Limited and Reliance Cotton Spinning Mills Limited.
Mr. Nadeem Karamat holds an MBA degree from Golden Gate University, San Francisco with majors in Finance and Management. He has over 30 years of banking and corporate advisory experience. His significant career jobs started with his fist job with Bank of America NT & SA and then moved to American Express Bank ltd , where he held key positions including Regional Business Head for levant Area and Country Manager based in Lebanon, Corporate Finance Head for Pakistan Bangladesh , Sri Lanka and Country Manager Pakistan. He is the Founding Vice President of ECO Trade & Development Bank, Turkey, a regional Multilateral Development Bank covering ten countries. He has been President American Business Council (ABC) Pakistan, Executive Management Committee member of Pakistan Banking Association(PBA), Overseas Chamber of Commerce (OICC&I). He has served as a member on the Board of Directors of First Inter Investment Bank (now IGI Investment Bank), Lahore University of Management Sciences (LUMS). He was appointed as a Director by Government of Pakistan on Intellectual Property Rights of Pakistan.
Mr. Karamat is presently serving as a member on the Board of Directors of Soneri Bank Ltd, Faysal Asset Management Ltd and as a Trustee of MALC Endowment Fund. He holds certification as a credit Risk Management Professional & for Leadership Trainer Program from American Express Bank LTD and from International Finance Corporation(IFC) as a Trainer for Directors for Corporate Governance. He joined the Board in 2014.