Saudi-Pak Industrial and Agricultural Investment Company (Pvt) Limited has started margin financing which is replacing COT finance of the local bourses. It has committed finance of Rs 300 million and is considering requests for financing of Rs 700 million to various brokerage houses. Saudi Pak has made necessary arrangements of margin finance as per rules and regulations prescribed by Securities and Exchange Commission of Pakistan (SECP) and State Bank of Pakistan (SBP).
Saudi Pak is a well-capitalised financial institution having long-term entity rating of AA+ (double A plus) and short-term entity rating A1+ (A one plus) with stable outlook for the fifth consecutive year.
Saudi Pak has been leading institution in the financial sector. Its management is devoted to strengthen, diversify and expand its operations to cater the financial needs of equity as well debt markets. It has pursued the policies of moderate and sustainable growth.
Saudi Pak along with its associates is catering almost all kinds of financial needs under one umbrella. Besides, Saudi Pak Commercial Bank and Saudi Pak Leasing, it has recently launched Saudi Pak Insurance with its head office at Karachi and branch offices established/to be established in almost all major business hubs of the country.