First Dawood Investment Bank Limited (FDIB) was incorporated on June 22, 1994 as Dawood Leasing Company Limited, with a paid up capital of Rs. 250 million. It is listed on the Karachi Stock Exchange in Pakistan. Against the public offering of Rs. 95 million, the company received a subscription of over Rs. 140 million despite bearish market conditions at the time of floatation. After thirteen years of business operations, a balance sheet size of over Rs. 12.22 billion was achieved. Not only that FDIB made consistent profits over these 13 years and paid handsome returns to investors and shareholders.

The liquidity crunch in the financial sector during last quarter of 2008, resulted into abrupt withdrawal of money market lines from commercial banks and DFI’s due to which FDIB was subjected to an uncalled for run by the creditors. FDIB attended the creditors concerns and within a span of one year settled more than 92% of its liabilities.

The balance sheet size has come down to Rs 3.0 billion and equity turned negative due to provision and losses sustained during the run on situation. However, due to support & co-operation of major lenders, the equity has recently entered the positive zone.

The Bank is now on the path of regaining its lost position. Various efforts to comply with equity requirement are underway. As of 31.03.2010, the equity has turned positive upto the tune of Rs.202 million.

Mr. Rafique Dawood is the Chairman of Board of First Dawood Investment Bank Limited. He is an MBA from Harvard Business School and has an extensive exposure to business having held senior management positions with various family concerns both in Pakistan and abroad.

Mr Abdus Samad Khan is the CEO of the company having diversified experience in various disciplines of local and international banking. He is an MBA and had been associated with HBL, Saudi Pak Investment Company and Capital Development Authority in senior level positions. He has been Director on the Boards of Commercial/Investment banks, Leasing, Insurance and Assets management companies.

To become the leading progressive and profitable investment bank through innovative, proactive and responsible management that provides the highest level of quality service to clientele. The strengths will be introducing new profitable products and services. 

• To offer value in terms of dividend yield and capital gains to shareholders.
• To meet the growing comfort lend & satisfaction of our customers.
• To endeavor to achieve a lasting relationship with clients and associates on the principles of mutual beneficiated business relationship.
• To fulfill maximum possible social responsibilities and remain a good corporate citizen.
• To add value to the Industrial development of the country.
• To ensure continuous Human Resource development at all level of employee at the company.
• To maintain a suitable reward policy for high achiever employees.

• Ensuring shareholders' security and a high rate of return on investments.
• Striking the right balance between risks and rewards.
• Offering the optimal mix of products and services to customers.
• Maintaning highest standards of integrity, honesty and ethics.
• Building a long lasting relationship with customers.
• Providing level playing field, growth & development opportunities to the management and staff of the company.