The Pakistan Credit Rating Agency Limited
28-Nov-25
Analyst
Sohail Ahmed Qureshi
sohail.ahmed@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
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PACRA Withdraws the Entity Ratings of Reem Rice Mills (Pvt.) Limited
| Rating Type | Entity | |
|
Current (28-Nov-25 ) |
Previous (27-May-25 ) |
|
| Action | Withdraw | Maintain |
| Long Term | - | A- |
| Short Term | - | A2 |
| Outlook | Stable | |
| Rating Watch | - | Yes |
The Management has decided to discontinue the entity ratings of Reem Rice Mills (Pvt.) Limited. As a consequence, PACRA withdraws the entity ratings of Reem Rice Mills Limited (Pvt.)with immediate effect.
-
About
the Entity
The Company was founded in 1994 as a joint venture between Al Muhaidib Group and Al Ghurair Group, and manufactures and exports premium rice. There are six directors on the Board of Reem Rice, including CEO Khalid Farooqi, who brings over three decades of distinguished experience leading multinationals in the FMCG sector and currently heads a team of skilled professionals.