The Pakistan Credit Rating Agency Limited
09-Jan-26
Analyst
Tasveeb Idrees
Tasveeb.Idrees@pacra.com
+92-42-35869504
www.pacra.com
Applicable Criteria
- Methodology | Correlation Between Long-term & Short-term Rating Scales | Apr-25
- Methodology | Rating Modifiers | Apr-25
- Methodology | Corporate Rating | Jul-25
Related Research
This press release is being transmitted for the sole purpose of dissemination through print/electronic media. The press release may be used in full or in part without changing the meaning or context thereof with due credit to PACRA
PACRA Withdraws the Entity Ratings of KAM International
| Rating Type | Entity | |
|
Current (09-Jan-26 ) |
Previous (27-Jan-25 ) |
|
| Action | Withdraw | Maintain |
| Long Term | - | A- |
| Short Term | - | A2 |
| Outlook | Stable | |
| Rating Watch | - | - |
Mekotex Group has undertaken a strategic restructuring pursuant to an agreed framework among the three sponsoring brothers of the Majeed family. The restructuring was aimed at consolidating and streamlining the group’s structure while supporting long-term business sustainability. As part of this exercise, the business operations and asset base of KAM International were transferred to a designated group entity, Mekotex (Pvt.) Limited. Following this restructuring and upon the desire of the management, PACRA withdraws the entity ratings of KAM International, as the rated entity no longer exists.
.
About
the Entity
KAM International, incorporated on August 7, 1996, operated as a sole proprietorship, with an integrated network comprising weaving, printing, dyeing, finishing, cutting and stitching units. The owner, Mr. Shoaib Majeed brought with him over twenty-five years of experience. The CEO, Mr. Rayyan Ahmed was accompanied by a team of seasoned professionals.