Analyst
Afnan Iqbal
afnan.iqbal@pacra.com
+92-42-35869504
www.pacra.com
Applicable Criteria
Related Research
PACRA Withdraws Broker Management Rating of AHM Securities (Pvt.) Limited
Rating Type | Broker Management | |
Current (16-May-23 ) |
Previous (14-Jun-22 ) |
|
Action | Withdraw | Initial |
Long Term | - | BMR3+ |
Short Term | - | - |
Outlook | Stable | |
Rating Watch | - | - |
Subsequent to the management's decision to discontinue the rating, PACRA withdraws the Broker Management Rating of AHM Securities (Pvt.) Limited.
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About
the Entity
AHM Securities (Pvt.) Limited is primarily engaged in the provision of equity brokerage services. Ownership of the Company lies within the same family. The Chairman, Mr. Adam Haji Muhammad, owns ~99.6% of the total shares. The rest of the shareholding lies with Mr. Anis Haji Muhammad and Mr. Feroz Haji Muhammad. The board of directors comprises of three members all of whom are the shareholders' family members. The Chairman, Mr. Adam Haji Muhammad, possesses enormous experience in capital markets as he has been working as a stock broker for over 25 years. Mr. Hammad Tahir has been serving as the Chief Executive Officer of the Company since its inception. He is a qualified professional and holds a Master’s degree in Business Administration and Economics.