Waqar Ahmed MalikNon – Executive Director and Chairman of the Board

Qualification Fellow Member of the Institute of Chartered Accountants in England & Wales
Designation Managing Director, Fauji Foundation
Date of Joining 09/04/2020

Mr. Waqar Ahmed Malik joined Fauji Foundation as Managing Director and Chief Executive Officer on 9th April 2020. Mr. Malik is a fellow of the Institute of Chartered Accountants in England and Wales and is also an alumnus of the Harvard Business School and INSEAD.

Earlier, his career with The ICI Plc Group based in the UK spanned over 27 years and then later with Akzo Nobel N.V. based in The Netherlands.

For around 10 years, he served as the Chief Executive Officer of ICI Pakistan Limited and also the Chief Executive Officer and Chairman of Lotte Pakistan Limited (formerly Pakistan PTA Limited). During his career with ICI and AkzoNobel, he worked in Europe and Americas in Corporate Finance and Strategy Departments.

Presently, he is serving as Chairman on the Boards of Fauji Group Companies; Mari Petroleum Company Limited, Fauji Fertilizer Company Limited, FFC Energy Limited, Fauji Fresh n Freeze Limited, Fauji Cement Company Limited, Askari Cement Limited, Askari Bank Limited, Fauji Akbar Portia Marine Terminal Limited, Fauji Trans Terminal Limited, Fauji Oil Terminal and Distribution Company Limited, Fauji Infraavest Foods Limited, Foundation Wind Energy-I & II Limited, Foundation Power Company Daharki Limited, Fauji Kabir Wala Power Company Limited, Fauji Fertilizer Bin Qasim Limited, FFBL Power Company Limited, Foundation Solar Energy (Private) Limited and Daharki Power Holdings Limited.

In addition, he holds directorships on the Boards of Rafhan Maize Products Company Limited, Pakistan Maroc Phosphore SA and Pakistan Mobile Communications Limited.

He is also Chairman of Pakistan Oxygen Limited (formally Linde Pakistan, a subsidiary of Linde AG) acquired by Adira Capital Holdings (Private) that he co-founded.

Earlier, Mr. Malik also served on boards of PPL – Chairman (Non-Executive & Independent), Engro Corporation Limited – Director (Non-Executive & Independent), Standard Chartered Bank Pakistan Limited – Director (Non-Executive & Independent), Engro Polymer and Chemicals Limited – Director (Non-Executive & Independent) and TPL Insurance Limited– Director (Non-Executive).

He has been playing an instrumental role in development of Pakistan’s Regulatory System as well as for the advocacy to undertake economic reforms. Few of his other engagements have been as Director – State Bank of Pakistan, President – Overseas Chamber of Commerce & Industry (OICCI), President – Management Association of Pakistan (MAP) and Director – Pakistan Business Council (PBC).


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21, Mauve Area, 3rd Road,
G-10/4, Islamabad, Pakistan
Contact Information for investor related queries / grievances:
Mr. Muhammad Sajjad (Manager Corporate Affairs)
Tel: +92-51-111-410-410 (Ext. 483), Email: Muhammad.Sajjad@mpcl.com.pk