AKD Group is a group of companies based in Karachi. It was founded in 1947 by Abdul Karim Dhedhi.
History
AKD Group was founded in 1947 by Abdul Karim Dhedhi, father of the current chairman ( who is Mr. Aqeel Kareem Dedhi )[1] It began business in 1973 as a brokerage house before expanding into investment banking and mutual funds.[2] In 2007, the group explored investing in four coal-fired power plants, but their initial offer was declined due to the fact that, though financial capacity was present, they lacked the technical ability to assure success.[3] In 2011, AKD Group was committed to the development of the Gwadar port and naval base, but was permitted to pull out of the arrangement alongside their partners, the Port of Singapore Authority and the National Logistics Cell because 584 acres at the mouth of the port necessary for the development were not surrendered as expected by the Pakistan Navy.[4]