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Lahore, August 28, 2019 (PPI-OT): The rating recognizes the company’s association with an established financial institution, Pak Oman Investment Company Limited. The rating reflects the company’s experienced management, structured investment decision making process and diversified fund slate. The corporate governance framework is considered strong on the backdrop of sound board oversight and presence of seasoned professionals in the management team. Going forward, the management is eyeing growth in SMA business and retail client base which would support the revenue stream. To enhance the assets under management, a number of initiatives are being taken including the expansion of sales force and ongoing focus on alternative distribution channels for enhanced retail market penetration.
The rating is dependent on the company’s ability to enhance its market position, gain in terms of assets under management and maintaining strong performance of its funds. Meanwhile, upholding high governance standards and strengthening of risk management is crucial for the rating.
For more information, contact:
Analyst
The Pakistan Credit Rating Agency Limited (PACRA)
Awami Complex, FB1, Usman Block New Garden Town,
Lahore – Pakistan
Tel: +9242 586 9504 -6
Fax: +9242 583 0425
Email: hammad.rashid@pacra.com
Web: www.pacra.com