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State Life
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Mr. Sulaiman S. Mehdi

Chairman

Sulaiman is the First Independent Chairman of State Life Insurance Corporation, appointed on August 17, 2023 by the Federal Government.
 
Sulaiman is Chairman - TPL Developments. He has served as CEO TPL – Developments from March 2022 - August 2023 and was leading all the development initiatives of USD 100mn TPL REIT Fund-I
 
Before TPL, he has served as CEO Cyan Limited, formerly Central Insurance Company Limited (CICL). In 2011, Sulaiman orchestrated the business restructuring of CICL (Insurance) to Cyan (Investments/PE), a landmark transaction, and the first of its kind in Pakistan.
 
Before Cyan, he has also served PICIC DFI, PICIC Asset Management Company Ltd., Allied Bank (ABL) and ABL Asset Management Company Limited. He has had the privilege of establishing two leading Asset Management Companies.
 
As a senior executive he has been working on strategy, mergers and acquisitions. He is a proven business leader with a track record of delivering sustainable change and superior results. Sulaiman’s experience spans over 22 years in multiple areas of real estate development and financial services including investments, operations, marketing, legal and corporate affairs.
 
Amongst his prominent achievements have been the acquisition of HUBCO from National Power in June 2012 for PKR 6bn and exited in March 2018 for PKR 22bn resulting in gains of app. PKR 23bn (incl dividends) in less than 6 years. 

He has been the youngest Chairman of the Pakistan Stock Exchange (PSX). He was Chairman Unity Foods Limited. He was also Chairman Pebbles Ltd. - the real estate arm of Dawood Hercules (DH) Group. He is a Founding member of the Presidential Initiative for Artificial Intelligence and Computing (PIAIC) and a Member of the Committee on Emerging Technologies of MOIT. He is also an Independent Director on Sind Energy Holding Company Pvt Ltd., BankIslami Pakistan Ltd. and Aga Khan Cultural Service Pakistan (AKCSP).

He has also served on the Board of Dawood Lawrencepur Limited, FOCUS Pakistan (an Aga Khan Foundation backed NGO), lnbox Business Technologies (Pvt.) Ltd., lnbox Consulting (Pvt.) Ltd., lnbox Corporation (Pvt.) Ltd., Sach International (Pvt.) Ltd., The Institute of Business Management (IOBM). He has also represented Sindh as an Independent Member on Private Power and Infrastructure Board (PPIB).

He holds a master’s degree and is also a fellow member of The Institute of Corporate Secretaries of Pakistan (FCIS). He is also a Certified Director from the Pakistan Institute of Corporate Governance (PICG).