 | |
| Company type | Corporate group |
|---|---|
| PSX: SAIF PSX: KOHTM PSX: SPWL | |
| Industry | Textile,Power Generation |
| Founded | 1927 (1927) |
| Founder | Saifullah Khan |
| Headquarters | Islamabad,Pakistan |
| Owner | Saifullah Khan family |
| Website | saifgroup |
Saif Group (Urdu pronunciation:[seːf]SAYF) is agroup of companies headquartered inIslamabad. It operates inpower,health care,textiles,real estate, andtelecommunications.[1] It is majority owned bySaifullah Khan family.
Saif Group brought the first GSM phone service to Pakistan in 1994 in a venture withMotorola, named asMobilink but the Saif Group sold its stakes in 2007.[1]
Saif Textile Mills Limited, with installed capacity of 88,476 spindles is located at Gadoon Amazai in theSwabi district,Khyber Pakhtunkhwa, Saif Textile Mills is a public traded company which is headquartered inRawalpindi and majority owned by Saif Group.
Kohat Textile Mills with installed capacity of 44,400 spindles is located inKohat.[2]
Saif Power Limited was incorporated in 2004.[3] It operates a 225 MW combined cycle thermal power plant inSahiwal District which was built at a cost of $170 million.[3][4] The plant began commercial operations in 2010.[3]
The original power purchase agreement (PPA) was signed by theGovernment of Pakistan with the sovereignguarantee and it offered 18.5 percentreturn on equity withUnited States dollar indexation.[5][6] However, in August 2020, PPA was revised and US dollar indexation was removed.[6] In December 2024, its PPA was revised again by theGovernment of Pakistan and it was changed from take or pay basis to hybrid take and pay basis.[7]
Mediterranean Textile Company is located inEgypt; it has an installed capacity of 63,312 spindles for the production of cotton yarn[8][9]
Saif Energy Limited (SEL) holds interests in 4 blocks with a total oil and gas exploration acreage of 3109.66 km2 in consortium with other energy and power companies, including Pakistan's state-ownedOil and Gas Development Company OGDCL (Pakistan),Mari Petroleum Company Limited MPCL (Pakistan), andTullow Oil (Ireland).[10]
The Saif Group is developing an area of open land located near Islamabad International Airport into a luxury planned urban development housing project named Eighteen Islamabad; in conjunction with the real estate investment company of Egypt'sSawiris family.[11]
Its health care division Saif Healthcare Limited owns and manages: