Board of Directors

Jawed Ali Ghori – Managing Director

Jawed Ali Ghori completed his Diploma in Associate Engineering in 1968 and then graduated in economics and political science from University of Karachi in 1971.

After graduation, he joined the family business and completed several government and semi-government projects that were awarded to Matco Engineering. A few of the notable projects were the Greater Hyderabad Water Project (1981), the Faisalabad Development Authority Water Project (1984), the Chitral Water Project (1989), OGDC and Attock Oil Projects and numerous telecommunication and SCADA Projects for both Sui Southern Gas Company (SSGC) and Sui Northern Gas Pipelines Limited (SNGPL). Jawed Ali Ghori's rice related projects include the supply of four rice plants to Rice Export Corporation of Pakistan at Pipri, Sindh in 1978. In 1985, he supplied and commissioned an automatic parboil rice plant of 10 MT/hour capacity on turn - key basis for P.N.P Rice Mills at Dhaunkal, Punjab. In further developments to the Dhaunkal project, Jawed Ali Ghori supplied and installed six color sorters for the parboil plant in 1988.

When the private sector Basmati export in Pakistan was allowed, Jawed Ali Ghori conceptualized the idea of establishing a modern rice processing plant that would add sophistication to the existing rice processing standards. This marked the birth of Matco Rice Processing in 1990.

In 2000, Jawed Ali Ghori initiated a substantial increase in production for Matco Rice by establishing Matco Unit 2, Pakistan's largest rice processing plant under one roof with 25 MT/hour. As the Managing Director of Matco, he has over 40 years of experience in rice processing, establishment of rice industries and worldwide rice exports. He has traveled extensively across the globe buying rice related machinery from many countries including China, Germany, Great Britain, India, Japan, Korea, Thailand and USA.

Khalid Sarfaraz Ghori – Director Procurement & Production

Khalid Ghori graduated from University of Karachi in 1981 and pursued an articleship from ICAP (Institute of Chartered Accountants of Pakistan) Karachi between 1981 and 1984. However, rapid growth in the business required his immediate presence at Dhaunkal turnkey projects in 1984, which involved the complete testing and operation of a parboil rice plant. Between 1986 and 1989, he was in charge of Jawed Rice Mills in Larkana. In 1990, when Matco Rice Processing was being set up in Karachi, Khalid Ghori contributed to the project from the drawing board stage to the final fabrication, installation and operations.

In 1995, Khalid Ghori initiated setting up Matco Until 2 for providing additional capacity, using in-house design and system engineering capabilities, consisting of Japanese, Thai and Chinese machinery.

Working closely with growers and suppliers from the rice growing belt in Punjab, he established a unique Rice Cultivating Monitoring Program and opened a research and control office for Matco in Lahore to improve crop quality. With experience of over 30 years in the purchase and processing of rice, Khalid Ghori is rightly dubbed the “guru of rice buyers in Pakistan.”

He utilizes his vast experience in assessing the qualities of agri-products and pays special attention to the entire procurement and production process. Khalid Ghori has established a wide network of farmers who are linked to Matco’s rice paddy supply chain, allowing them to get better prices for their produce by avoiding the middlemen. His insights into crop survey and harvest are aimed to help farmers and Matco to achieve procurement targets.

Dr. Tariq Ghori – Director Sales & Marketing

As the head of marketing and sales, Dr. Tariq Ghori has a vast experience in developing new markets for Matco’s
products and appointing distributors in strategic locations. He has been instrumental in the brand
development and positioning of Falak Basmati Rice in over 35 countries. He is a regular participant in renowned
world food fairs such as SIAL France, ANUGA Germany, Gulfoods Dubai, and many other food fairs. When Matco
Rice was set up in Karachi, he also managed the company’s finances and its relationship with lending
institutions and project finance institutes.

Dr. Tariq Ghori is a graduate of Cadet College Petaro, where he demonstrated exceptional leadership skills as the
College Junior Under Officer and a final year gold medalist. Although he graduated from Dow Medical College,
Pakistan’s premier medical institution, in 1986, he decided to adopt a career in business. To this end, he
completed coursework in business marketing and finance from California State University, Long Beach.

Dr. Tariq Ghori is a founding member of the Rice Exporters’ Association of Pakistan (REAP) and has served as a
member of REAP’s Managing Committee as well as being the president of the Pakistan Basmati Rice Promotion
Committee of REAP.

Faizan Ali Ghori – Director Finance

Faizan Ali Ghori joined Matco in 2006 with the overall responsibility of Accounts and Finance Departments and the company's liaison with Financial Institutions. He spearheaded the company’s backwards integration paddy project at Sadhoke, district Gujranwala and attracted the first foreign direct investment by the IFC (World Bank Group) in the agriculture sector of Pakistan through its investment in Matco. Prior to Matco he worked with Bank of America in London, where he was an Analyst within the Corporate Finance and Mergers & Acquisitions Investment Banking Division, covering the European Energy & Power Sector. He has also worked at Citigroup (Karachi) and Jahangir Siddiqui Capital Markets during internships.

He graduated with honors (Cum Laude) from New York University's Leonard N. Stern School of Business, completing his Bachelor of Science degree with a double major in Finance and Accounting. Faizan Ghori has also completed his Master of Science degree in Finance and Accounting with honors (Merit) from The London School of Economics and Political Sciences. He is a certified director accredited by Risk Metrics Group USA having completed the Director Education Programme conducted by the Pakistan Institute of Corporate Governance.

Naeem ur Rehman Akhoond – Non-Executive Director

Mr. Naeem ur Rehman Akhoond is an elected Director. An Electrical graduate from the University of Engineering & Technology, Lahore commonly referred to as UET and has served Sui Southern Gas Company Limited (SSGC), the largest integrated gas undertaking and a major energy sector company, for a period of over 35 years. He initiated the state of the art Telecommunication and SCADA systems in SSGC to contribute to the safety of high pressure transmission pipelines, facilitating the gas control operation by ensuring e?ective management. The SCADA system is speci?cally his pride when he embarked on the mission to use this technology as a strategic asset to address the need for reliable, centralize control and monitoring on the gas transmission network.

He was also responsible towards the launch of Technical Advisory Service (TAS) in SSGC that was initiated with the motive of addressing the urgent need to conserve Natural Gas and introduce energy e?cient systems. TAS also played a crucial role in providing energy inputs to cater energy growth in the country.

Mr. Akhoond is registered as a Professional Engineer with the Pakistan Engineering Council (PEC) of which today he is a respected member. He is also fellow of the Institution of Engineers Pakistan (IEP). He was twice elected as the Member Executive Committee of Pakistan Engineering Council. He was appointed as a Syndicate member of NED University ofEngineering & Technology Karachi, and member Technical Board of Higher Education by the Chancellor and Governor of Sindh.

The Directors must act at a meeting of themselves called the Board Meeting but they cannot proceed with such meeting unless the required quorum of directors is present. The procedure at the meeting is to receive, consider, discuss and to pass resolution on matters coming before them which are entered in a minute book and signed by the Chairman of the meeting. When a duty is delegated to a body of persons, those persons can act at a meeting by a majority, therefore, the powers and duties conferred on Directors by the Articles and Companies Ordinance 1984 must be exercised by all of them.
As far an Independent Director is concerned he legally is an independent person who is expected to lend an outside viewpoint to the Board. The test of independence principally emanates for the fact whether such person can be reasonable perceived as being able to exercise independent business judgment without being subservient to any apparent form of interference.

Syed Kamran Rashid – Non-Executive Director

Syed Kamran Rashid is an elected Director in this Company. He is a graduate of the University of Karachi. He joined Eastern Federal Union Insurance Company Limited in 1989 as Business Development O?cer. He has served in di?erent capacities and locations in EFU and at present he is Executive Director of the Central Division Karachi of the said Company.

The Directors must act at a meeting of themselves called the Board Meeting but they cannot proceed with such meeting unless the required quorum of directors is present. The procedure at the meeting is to receive, consider, discuss and to pass resolution on matters coming before them which are entered in a minute book and signed by the Chairman of the meeting. When a duty is delegated to a body of persons, those persons can act at a meeting by a majority, therefore, the powers and duties conferred on Directors by the Articles and Companies Ordinance 1984 must be exercised by all of them.

As far an Independent Director is concerned he legally is an independent person who is expected to lend an outside viewpoint to the Board. The test of independence principally emanates for the fact whether such person can be reasonable perceived as being able to exercise independent business judgment without being subservient to any apparent form of interference. Mr. Kamran Rashid is the Chairman of Human Resource Committee.

Iftikhar Ahmed Soomro – Non-Executive Director

Karachi, January 5, 2015: Pakistan’s largest Basmati rice exporter, Matco Rice Processing (Pvt.) Limited has appointed Mr. Iftikhar Ahmed Soomro as an independent, non-executive Director to its Board of Directors.

Mr. Soomro brings along his vast corporate experience of leading many prominent private and public sector companies of Pakistan. He has previously served as the Chairman of APTMA and as a director of Pakistan State Oil, Pfizer Pakistan, Park-Davis, and Wyeth Pakistan, SITE, KESC, Sindh Fine Textile Mills and other corporates. Mr. Soomro has also distinguished himself in the field of public service, previously as an elected member of the Sindh Assembly and member of Cabinet. Currently he is the Honorary Consul General of the Republic of Tunisia.

Commenting on the appointment, Jawed Ghori, Chairman of Matco Rice said: "We are extremely pleased that Iftikhar Ahmed Soomro has joined the board of our company, bringing with him a unique mix of skills and experience that will help the board to guide Matco Rice to the next level of growth."

Matco Rice is Pakistan's largest Basmati rice exporter. International Finance Corporate (IFC), part of the World Bank Group, is a shareholder of Matco Rice and invested equity in the company for capacity-building to cater to increasing exports, support trade, and to establish Matco as a global corporate in the region.