Corporate Code of Conduct

Corporate Code of Conduct

Corporate Code of Conduct Feedback Form

Shareholding Pattern

Name of Auditors

• Kreston Hyder Bhimji
• Co. Chartered Accountants Faisalabad

Name of Legal Advisor

• Siddique
• Bari Kasuri & Co. Lahore

Name of Share Registrar

• M/s. CDC Share Registrar Services Ltd, CDC House, 99-B, S.M.C.H. Society, Main Shahrah-e-Faisal, Karachi

INTERNATIONAL PRESENCE

• Sadaqat – Established in 1951
• As a weaving unit under the dynamic leadership of Mr. Mukhtar Ahmed.
• Incorporated as a private limited company in 1987.
• Converted into public limited company in 2008.
• Today sadaqat is one of the largest home textiles exporter, enjoying excellent reputation in the international market.
• Sadaqat is servicing large customer base supplying top quality merchandise to leading group of home textiles industry across the globe.
• Design,Innovation, Research and Development and high quality are our bench marks.
• Established in 2008 – Sadaqat Global Limited.
• Established in 2011 – Sleepworld International LLC.
• Established in 2017 – Sleepworld Australia PTY Limited.

PAKISTAN

• Sadaqat Limited – Composit Unit of Home Textiles
• Sadaqat Employees Provident Fund
• Khas Retails Limited
• Well recognized domestic retail brand
• A domestic house of complete home solution
• Provides an exclusive range of men and women wear

UNITED KINGDOM

• Sadaqat Global Limited
• Based in manchester
• Having own show room and warehouse
• Offers marketing,design and distribution services
• Jay Franko UK Ltd

UNITED STATES OF AMERICA

• Sleep World International LLC
• Based in New York
• Having own show room and warehouse
• Offers marketing,design and distribution services

AUSTRALIA

• Sleep World Australia PTY Limited

CHINA

• Sadaqat HK Ltd

Associated Companies

• Sleepworld Asia
• VIOBETTA GmbH
• Sadaqat Gulf DWC-LLC

Status of the Company

Public Limited Unlisted Company (ESC/large scale manufacturing company)

Company Registration (CUIN) & NTN

• CUIN                    0016987
• NTN                      0688413-0

Investors Relation

• E-Dividend Form
• Electronic transmission of Financial Form
• Proxy Form
• Other Forms

SECP’s website link for Investors’ Complaint Form

• http://www.secp.gov.pk/complaintform1.asp
• https://sdms.secp.gov.pk/?q=/complaintform1.asp&

Disclaimer: “In case your complaint has not been properly redressed by us, you may lodge your complaint with Securities and Exchange Commission of Pakistan (the “SECP”). However, please note that SECP will entertain only those complaints which were at first directly requested to be redressed by the company and the company has failed to redress the same. Further, the complaints that are not relevant to SECP ‘s regulatory domain/competence shall not be entertained by the SECP.”

Investor Relation Contact

• Mr. Hummayun Shahzad
• Chief Financial Officer
• Sadaqat Limited
• 2-Km, Sahianwala Road, Khurrianwala, Faisalabad.
• Ph. 041 – 850 7511-12
• Mob: 0300-866 4922

Mr. Zeshan Afzal (Advisor to Audit Committee)

Mr. Zeshan Afzal affiliated with Sadaqat Limited as advisor to Audit Committee. His main responsibilities are to assist the Audit Committee and Audit Department in establishing ‘best practices’ and internal controls within the company and to promote efficient operations to improve the performance by assessing the company’s current status, existing processes and present performance.

In addition to Sadaqat Limited, he is also serving as:

• Global CEO at Shahid Afridi Foundation
• Chairman & Chief Visionary at Stationery X
• President of TECH Pakistan
• Founding President & MD C100 Think Tank
• Founder and Chair, Think Ahead with ACCA entrepreneurial initiative

Has had played a vital role in the industry as a Director on boards of:

• Arif Habib Limited
• Crescent Textiles Limited
• Safe Mix Concrete Limited
• Reliance Sacks (Pvt.) Limited
• Serendib Stock Brokers in Sri Lanka
• Stylo Group of Companies
• CEO of Peshawar Zalmi & Peshawar Zalmi Foundation

Mr. Hummayun Shahzad (CFO)

Hummayun Shahzad as Chief Financial Officer at Sadaqat Limited is responsible for leading financial activities involving planning and operations of the company. His exuberant and devoted contributions in financial management, operational management, capital restructuring, corporate and legal affairs as well as taxation have yield extraordinary results. Under his leadership the company has substantially grown and maintained a healthy financial outlook. He also ensures that the Company has a sound financial compliance system to remain compliant with domestic and global standards while capitalizing the available opportunities. His project management skills helped the company to successfully implement new projects related to diversification, expansion and technological advancements. He has revitalized the organization with his innovative ideas and enthusiastic commitment to the advancement of organization. He has helped the organization to overcome several obstacles. He is a Professional Accounting Affiliate at Institute of Chartered Accountants of Pakistan (ICAP) and holds a Master in Finance. He is also a Fellow Member of Pakistan Institute of Public Finance Accountants (PIPFA).

Mr. Iqbal Ghori (Director Strategic Planning)

Mr. Mohammad Iqbal Ghori is Director Finance & Strategy at Sadaqat Limited. With over three decades of enriched career in multiple financial roles, he has held distinguished positions in several public and private organizations. His sound understanding of financial operations, risk management and financial strategy makes him a valuable resource for the organization. He is keenly involved in the formulation of objectives, financial & operational strategies, resource allocation plans and system development of the organization. His pivotal stance on transparency allows the organization a true image of translucent honesty and ensures an accurate representation of organizations financial operation. By his prioritization of innovation and operation excellence, he has geared the organization towards an exceptional future.

He has a prominent role in cost accounting & regulatory ecosystem of Pakistan and is a staunch advocate of diversity, fairness and robustness in regulatory bodies to safeguard consumer rights. Further, he is the former President Institute of Cost Management Accountant of Pakistan (ICMAP) and currently serving as Member National Council of the institute. He is also the former chairman of Corporate Governance Advisory Board (CGAB), Cost Accounting Standards Board (CASB), Research and Publication Committee and Editorial Board of research journal of ICMAP. He was also the chairman Research & Publication committee of Institute of Public Finance Accountants (PIPFA) and has several papers and publications to his name. He is Chief Operating Officer (COO) of C-100 Think Tank and COO of KHAS holdings. Further, he was a former member of Policy Board Auditor General Pakistan and nominated as Member Panel of Experts at PSX. He was also Chairman of SAFA Committee of Government and Public Sector Enterprises Accounting (PPSEA) and member of CAPA Public Sector Financial Management (PSFM). He also continues to play a vigorous and dynamic role in improvement of academic sector by being a board member of NUML Islamabad and former board member at ISRA University Hyderabad.

Syed Ahmad Ashraf (Independent Director)

Syed Ahmad Ashraf is an independent director at BOD of Sadaqat limited. His holistic experience has enabled him to provide valuable support to the board in decision making and growth management. His support provides the organization with orderliness, conformity, and general respect for an extrinsic point of view. His personal beliefs and values also reflect his strong sense of duty and service for community.

He has a strong and diverse professional experience across different sectors in multiple roles. He has served as CFO in Century Paper and Board Mills Limited and Company secretary in Dawood Hercules and Chemicals Limited. He has also served Dawood Group of companies in capacity of Head of Internal Audit and Controller Accounts in Tourism Development Corporation Limited. Moreover, he has served as Chief executive of SA Ashraf & Associates and Corporate & Tax advisor at Saad Rasool Law Associates. Mr. Syed Ahmad Ashraf holds MBA in Financial Management from JF Kennedy University California (USA) and fellow membership of Institute of Cost & Management Accountants of Pakistan (FCMA). Further, he is also an Associate Member of Institute of Corporate Secretaries of Pakistan (ICSP).

Ms Maleeha Bangash (Independent Director)

Maleeha Humayun Bangash holds MBA from LUMS & Booth School of business (University of Chicago). A 20+ years of rich and varied experience in domestic and international multicultural settings has equipped her to be a valuable leader in financial services, asset management and strategy formulation. Her work and accomplishments are reflective of her involvement and support for the organization that is dedicated to ensuring and improving the current level of success in organization.

As founding member / commissioner in Competition Commission of Pakistan (CCP), she has developed an invaluable professional acumen. She has also associated as Managing Director with Investment Climate Reforms unit. Her professional portfolio also includes services to UBL, MCB, AMC, JSIL, Bank Al Habib and Mutual Funds Association of Pakistan.

Mr. Shoaib Mukhtar (Executive Director)

Shoaib Mukhtar is a director and member of board of directors. He is a versatile professional with exceptional talent in multiple domain of business ranging from marketing to stakeholder’s management and has built strong business relationships and strategic alliances. He is also serving as a member of HR & R committee and nomination committee. His contributions to the organization are unparalleled and are emulated by many professionals all over the industry. He plays a great role in helping the team to understand their organizational goals and always engages significantly in bringing the organization to greater height collaboratively. He has served at Pakistan Textile Exporters Association (PTEA) as the Vice Chairman. His interest lies in youth entrepreneurship so he is the founder and President of Young Entrepreneurship Organization Pakistan (YEOP) and also a member of Entrepreneurs’ Organization (EO).

Mr. Awais Mukhtar (Non-Executive Director)

Awais Mukhtar is a director and member of board of directors. He has enriched experience of textile industry and his dynamic personality and diverse experience have been a game changer for the company. He is also serving as member of audit committee and nomination committee. He embodies the transformative spirit of the company as the organization steps into a new age of advancement. Through his motivational and devoted efforts, he has helped the entire workforce to be unified over the vision of other company leading to maximized utilization of employees’ potential.

He is also a member of Pakistan Institute of Freight Forwarder Council (PIFFC), International Federation of Freight Forwarders Associations (FIATA) and Youth Entrepreneur Organization Pakistan (YEOP).

Mr. Hamid Mukhtar (Non-Executive Director)

Hamid Mukhtar is a director and member of board of directors. With an experience spreading over 2 decades in textile industry on executive roles, he has made cardinal contributions in growth and expansion of manufacturing capacity of Sadaqat limited. He is also serving as chairman of nomination committee and risk management committee as well as member of audit committee and HR & R committee. Undoubtedly an asset to the organization, he continues to play a role in a manner untouched by others. A modern-day
exemplary leader who has allowed the organization a strong standing as a global enterprise.
He has represented the corporate sector as a former member of Alternate Dispute Resolution Committee of Central board of revenue (ADRC-CBR) and also a member of Entrepreneurs’ Organization (EO). He holds a bachelors of Technology BTech focused in textiles from University of Bolton.

Mr. Khurram Mukhtar (CEO/Executive Director)

Mr. Khurram Mukhtar exemplifies the mission of Sadaqat limited with his unfathomable proficiency and deeply invested career in textile and governance affairs. As Chief Executive Officer, he has been able to nurture a diverse and inclusive community committed to alleviating unemployment, poverty and improving living standards for all. His incomparable spirit of drive and collaborations encourages innovative and creative approaches to production and textile sector. As an innovative leader, Mr. Khurram Mukhtar never stops looking for opportunities to expand and enhance the business and the manufacturing. He continually looks for new and unique ways to create value for the stakeholders of the company.

He is leading the organization as Chief Executive Officer with deep interest and competency in textile and governance affairs. His professional career spans more than 25 years in the textile industry on executive management positions. He has extensive knowledge of textile sector and under his visionary leadership, the Company has reached new heights and expanded exponentially. As the CEO he played a key role in the rapid growth of the company as well as diversification within textile sector. His extensive international business exposure, expertise in change management, business strategy and customer development make him a valuable member of the Board.

Throughout his career Mr. Khurram Mukhtar has served several public offices and worked on promotion of fair and modern trading practices. He is currently serving as the patron in Chief of Pakistan Textile Exporters Association (PTEA). He has also served as Chairman Faisalabad Electric Supply Company (FESCO) and Director of Faisalabad Garment City Company (FGCC) and as Chairman Khurrianwala Industrial Estate Association (KIEA). Furthermore, he is also affiliated with few international textile organizations and has been an active member of Youth President Organization (YPO) and International Textile Manufactures Federation Switzerland (ITMF).

Mr. Mukhtar Ahmed (Chairman)

Mr. Mukhtar Ahmed is the founding members of Sadaqat Limited. He is the Chairman of BOD with over 45 years of an all-encompassing textiles and commerce industry experience. His principal contributions as Chairman are effective governance and leadership of the board of Directors. He is also fulfilling his responsibilities for overall corporate affairs by playing an important role in laying down solid foundation for the board. His visionary, far sighted leadership and iron clad command over the textile dynamics has enabled him to take significant strategic decisions for the Company in consultation with Directors. His awe-inspiring and reverent leadership is not only looked at as inspirational but also as directive to rise up to whilst his presence continues to inspire innovative and entrepreneurial spirit among the workforce. He is a transformational leader who has himself worthy of emulation leading the team and achieving success for the last 45 years.

As a part of its responsibilities, he determines the value to be promoted throughout the organization, reviews organizational goals, and determines appropriateness of company’s policies and practices. He was former Chairman of Faisalabad Dry Port Trust and Chamber of Faisalabad Garment City Company (FGCC).