AKD Securities Limited (AKDS):

AKD Securities Limited (AKDS) is one of the leading securities firm in Pakistan providing a comprehensive suite of investor focused services including equity brokerage, economic and securities research, investment banking and financial advisory services. AKDS account for approximately 6%-8% of the average daily traded volume at the Karachi Stock Exchange vindicating our dominance in the domestic equity space. We were the first brokerage house to provide an online trading platform in Pakistan and where we have the largest market share with over 10,000 retail customers. AKDS Investment Banking prowess is well established in the industry. Outside of the large domestic banks, AKDS has consistently been well ranked as amongst one of the leading underwriters and arrangers of equity in capital market transactions and has successfully closed over 60 transactions worth over PKR 84 billion including landmark privatisation and advisory transactions.
Having received the Leading Book Runner Award - 2013 in the previous edition of the Pakistan IPO Summit Series, AKDS has played a vital role in the development of IPO market of Pakistan and has advised over 25 companies for their equity listing over local bourses. From 2008, AKDS has accounted for 44% of all fresh domestic equity offerings. AKDS has successfully executed 11 out of 18 Book Buildings that have been executed in Pakistan's capital markets till date, including Pakistan's first ever domestic Book Building of Ghani Gases Limited. In 2014, AKDS successfully closed the IPO of Hascol Petroleum Limited, Systems Limited and Privatisation of Allied Bank Limited.
Arif Habib Limited (AHL): Arif Habib Limited (AHL) is a leading name in the brokerage and corporate finance industry of Pakistan, and is the largest market share holders in the brokerage industry with over 8% of the total market share. AHL caters to a growing list of institutions, High Net Worth Individuals and retail clients and also offer services to an increasing number of foreign clients. AHL's investment banking credentials boast equity capital market transactions market share, namely initial public offerings (IPOs) and offers for sale (OFS) of over 52% since the year 2010 in terms of number of transactions. This corresponds to over 86% in the US dollar value raised, with the total equity and debt capital market transactions having raised over USD 1.77 billion in the last five years
Having received the Leading Book Runner Award for the year 2013 in last years' edition of the Pakistan IPO Summit Series, AHL listings include Avanceon Limited, Saif Power Limited & Synthetic Products Enterprises Limited, having also been part of the Government of Pakistan privatisation program. AHL was mandated with the SPO of UBL - the first integrated Book Buildings, the Pakistan Petroleum Limited, and HBL - the largest equity offering in Pakistan and Asian frontier markets. Arif Habib also arranged for the Term Finance Certificates of NIB Bank limited.
Mr Amir Khan Afridi, Director - Market Supervision and Registration Department, Securities Market Division Securities & Exchange Commission of Pakistan (SECP):
Mr Afridi is currently heading the Capital Issues Wing of the Licensing & Capital Issues Department of the SECP's Securities Market Division, as Director. Mr Afridi has been associated with SECP for the last 22 years and has rich experience in regulating both primary equity market and the corporate debt (bond) market. He is currently responsible for all matters pertaining to the issuance of securities in primary market (IPOs) viz. shares (both ordinary as well as preference shares), corporate bonds (CBs) like Term Finance Certificates (TFCs), Commercial Papers (CPs), Participation Term Certificates (PTCs), Sukuk etc. listing of securities on the stock exchanges and issue of securities outside Pakistan (GDRs, ADRs, International Bonds, Sukuk etc.).
He is also responsible for regulating the affairs of market intermediaries including Book Runners, Underwriters, Share Registrars, Credit Rating Agencies (CRAs), Debt Securities Trustee (DSTs) and Special Purpose Vehicles (SPVs).
Mr Afridi has worked on a number of committees and contributed in formulation of various regulatory frameworks including Sukuk Regulations, DST Regulations, Code of Conduct for CRAs, SME Regulations, CP Regulations, Underwriters Rules and Balloters & Transfer Agents Rules.
Currently, he serves as one of the members working for formulation of the Book-Building regulations, and further expansion of e-IPO facility through development of a Centralised e-IPO System. The system will help investors in remote areas to participate in IPOs.