Saudi Pak Leasing Company Limited

Saudi Pak Industrial and Agricultural Investment Company Limited acquired 30% stake in Standard Chartered Mercantile Leasing Company Limited in 1997. After acquisition, it was renamed as Saudi Pak Leasing Company Limited. The Company is listed at local bourses and has been among largest companies in the leasing sector. The financial meltdown of 2008 affected the operational and financial condition of Saudi Pak Leasing in line with other financial sector entities. As of June 30, 2012, the paid-up capital of Company was RS.451.6 million with Saudi Pak`s stake at 30%. Asset base of Saudi Pak Leasing as of June 30, 2012 was Rs. 2,195 million with Rs.1,840 million net investment in leases.

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Saudi Pak Insurance Company Limited

Saudi Pak Insurance Company Limited was established by Saudi Pak in 2004 with its own shareholding to the extent of 69.2% in the total paid-up capital of Rs.200 million well above the regulatory requirement of Rs.80 million. The paid-up capital was enhanced to Rs.250 million in 2006 and Rs.325 million in 2008. The Company commenced its operations in 2005 and has its presence in major cities of the country through 11 branches.

Under a strategic exist plan, Saudi Pak sold its major stake to UIG Group of Companies in 2011 and presently carrying the stake of about 40%. By February 2013, Saudi Pak`s stake in the company would reduce to about 18% whereas equity stake of UIG would increase to 51%, the majority stake.

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Saudi Pak Real Estate Limited

Saudi Pak Real Estate Limited is 100% owned subsidiary of Saudi Pak. The Company started its operations in December 2007 with an initial paid-up capital of Rs. 100 million. The capitalization of the Company has since been enhanced to Rs.500 million. The Company achieved its break even in 2008 and its equity stands at Rs.606.052 million as on June 30, 2012 with total assets base of Rs.612.002 million. Its projects include development housing scheme, commercial project and investment.

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