Lakson Investments Limited ("LIL" or the "AMC") was incorporated as an unlisted public company in 2008.

Lakson Investments was registered as an asset management company in January 2009 and started its operations in November 2009. The AMC also manages Private Equity (P.E) and Venture Capital (VC) Funds in addition to managing Collective Investment Schemes (CIS) and Separately Managed Accounts (SMA) across 7 unique and open-ended mutual funds. Over time, it has demonstrated notable progress, delivering strong performance and showcasing risk management expertise across a diverse portfolio of innovative investment products.

As of Jun'26 the AMC's market share stood at ~1.3% (Jun'25: 1.6%).

The AMC’s product suite includes seven open-end funds spanning all major categories, asset allocation, equity, income, Shariah-compliant asset allocation, and money market, along with a Private Equity Fund and a Venture Capital Fund, asset classes that play a pivotal role in supporting Pakistan’s evolving investment landscape.

As of end-Jun’26, the top ten investors in the Collective Investment Scheme (CIS) accounted for around 37% of total assets under management. The AMC’s client base remains predominantly institutional, representing 70.2% of total AUMs, while retail investors contribute the remaining 29.8%

The AMC is a wholly owned subsidiary of the Lakson Group of Companies.

Lakson Group was established in 1954 and is owned by the Lakhani family. It is among the leading business conglomerates in Pakistan and has interests in multiple sectors, including financial services, paper and board manufacturing, printing and packaging, media, agri-business, consumer non-durables, fast food, information technology, surgical instruments and travel. The Group has long-standing affiliations with several Global Fortune 500 companies.

Lakson Group has robust financial standing as reflected by its diversified profitable businesses. Lakson’s four publicly quoted companies have an aggregate market cap exceeding USD 1 billion.

The control of the AMC vests with a five-member Board of Directors (Board), comprising three non-executive directors, one independent director, and one executive director, the Chief Executive Officer (CEO).

The AMC's Board is chaired by Mr. Iqbal Ali Lakhani - Non Executive Director, he is also the Chairperson of the Lakson Group overseeing a diversified business portfolio spanning consumer goods, media, insurance, food, technology, investments and other sectors. He has over 43 years of senior management experience and holds a B.A. from the University of California, Berkeley, while serving on various business and charitable organizations.. Mr. Amin Mohammed Lakhani - Non Executive Director is CEO of SIZA Foods (Pvt.) Ltd., the franchise holder of McDonald’s in Pakistan, and a member of the Executive Leadership Team of Lakson Group, with over 31 years of experience across finance, marketing, management, and production. He holds an MBA from The Wharton School and a BS in Industrial Engineering from Stanford University, and has served as CEO/director of several Lakson Group companies while also contributing to various social and community initiatives. Mr. Jamil A. Mughal - Non Executive Director has over 25 years of experience in marketing, public relations, real estate development, and supply chain, and currently serves as Chief Marketing, Development & Supply Chain Officer at McDonald’s Pakistan. He holds a Bachelor of Engineering from Mehran University and has extensive international exposure through professional assignments, industry forums, and academic engagements. Mr. Bassel Hamwi - Independent Director has over three decades of global experience in private equity, banking, and business consulting, and currently serves as CEO Coach at HamwiConsult and President of BASY Ventures.  A Harvard Business School alumnus, he has held senior leadership roles including at Bank Audi Syria and the IFC MENA Fund, with extensive experience in investment, financial institutions, and business transformation.

To ensure an effective control environment and compliance with reporting standards, the AMC has constituted an Audit Committee and HR Committee at the Board level. The Board provides strategic guidance on relevant matters.

The external auditors of the company are KPMG Taseer Hadi & Co. that stand in 'A' category of SBP's audit firm rankings.

The AMC has a well-defined and formalized organizational structure, with appropriate departmentalization. It operates throughs even main departments, each with its own specific function.

The senior management team comprises experienced and qualified professionals. The CEO, Mr. Babar Ali Lakhani, possesses over 20 years of investment and portfolio management experience across public and private markets, with prior experience at Century Insurance, High Street Advisors, and Credit Suisse First Boston. He also serves on the Boards of various Lakson Group and investee companies and holds a BA in Finance from Bentley College and an MBA from Brandeis University. Mr. Kashif Mustafa, Executive Director has over 21 years of experience in investment and financial advisory, private equity, operations, business management, and economic research. He has played a key role in establishing Pakistan’s private funds framework and launching Lakson’s private equity and venture capital funds, while also serving on the boards of several investee companies, Mr. Mustafa O. Pasha, Executive Director & CIO has over 13 years of experience in asset management and investment advisory overseeing investment strategy, asset allocation, and portfolio performance across public markets. He previously worked at BMA as a fixed income analyst, economist, and portfolio manager, managing fixed income and money market investments for mutual funds and institutional/HNW clients.

The management has implemented Asset Connect software for portfolio management, unit holder accounting and general accounting

The risk management department has implemented comprehensive risk management guidelines for the management of credit, market and liquidity risk. For operational risk management, the AMC has established and implemented a disaster recovery plan and a dedicated disaster recovery site in Karachi and Lahore. The compliance function ensures adherence with all applicable internal and external rules and regulations.

The risk management function assesses the creditworthiness of entities to monitor the credit risk of existing portfolio and to identify new investment opportunities in debt instruments. The AMC has developed models to rate debt instruments and issuers, which include various qualitative and quantitative parameters for analyzing credit risk.

The AMC has internal guidelines and limits for exposure in different avenues to manage liquidity risk. The compliance department ensures adherence to internal limits on a daily basis and generates regular MIS.

For managing market risk, various techniques such as VaR analysis, beta analysis and stress testing are being used. The AMC has real-time dashboards for monitoring currency depreciation, crude oil prices and other indicators having an impact on investment portfolio.

The investment committee consists of the CEO, Executive Director, CIO, Head of Research, Equities, Fixed Income, Compliance, and Risk.

The Investment Committee meets periodically, with separate meetings held to discuss Separately Managed Accounts. The PE and VC funds have dedicated teams as well, although certain team members are common to ensure synergies and share their expertise in the local context.

The research department falls under the purview of the CIO, and the team is organized primarily by industry sectors. A customized software exists for equity valuation and credit research. The AMC has access to Mettis Global and Zakheera Portals, which are integrated with the fund management department.

The AMC has a dedicated team headed by an experienced resource for investor services. A value-added service, namely “Asset Allocation Optimizer,” is provided to investors, enabling them to create their own mix and match strategy for fund allocation among available investment avenues.

The AMC issues informative bulletins on a daily basis and performance reports for the funds and separately managed accounts on a bimonthly/monthly basis as requested by the clients. A separate online portal access is provided to discretionary clients.

The AMC has distribution arrangements with various third-party distributors. Training sessions are conducted for the new staff, and a weekly meeting of the sales staff with the CIO is held.

As of end-Jun'26, AUMs stood at PKR 57.4bln (Jun'25: PKR 59.1bln), while average AUMs remained at PKR 60bln. Only Lakson Islamic Money Market Fund outperformed its benchmark, while Lakson Equity Fund, Lakson Money Market Fund, Lakson Income Fund, Lakson Tactical Fund, Lakson Islamic Tactical Fund, and Lakson Asset Allocation Developed Markets Fund lagged their respective benchmarks. The AMC also had an investment advisory portfolio of PKR 20.5bln (Jun'25: PKR 120bln). Additionally, LIL has demonstrated execution capability in PE, supported by a specialized team. PE fund size remained sustainable and generated an IRR of around 96%, while OMI Hospital’s topline increased by approximately 3x since acquisition and the entity was turned profitable. The successful execution has strengthened LIL’s track record in alternative investments and provides a basis for attracting investors to subsequent funds. On the VC side, LIL has built a well-diversified portfolio of companies while the fund size remains sustainable.

As of Mar'26, AMC's profit after taxation increased by 58.1% to PKR 261mln (Dec'25: PKR 165.0mln). The AMC’s equity base strengthened by 4.2% to PKR 2.4bln (Dec'25: PKR 2.3bln), supported by retained profitability. Overall, the AMC maintained a strong financial profile as at Mar-26, with healthy growth in revenue and investment gains translating into improved profitability and a strengthening capital base.