Saudi Pak Industrial and Agricultural Investment Company Limited was incorporated in 1981 under a joint venture Agreement signed between the governments of Islamic Republic of Pakistan and Kingdom of Saudi Arabia. The initial authorized capital of the Company was Rs. 1,000 million. As of December 31, 2009 paid up capital of the Company amounted to Rs. 6,000 million. The break-up of the share holding is as follows:
- Kingdom of Saudi Arabia 50% (through public investment fund )
- Government of Islamic Republic of Pakistan 50%. (through State Bank of Pakistan)
|