Ownership

Shareholding of PACRA

PACRA was established in 1994 as a joint venture among Fitch Ratings (the world's leading international rating agency, at that time IBCA Ratings), International Finance Corporation (IFC) and the LSE FINANCIAL SERVICES LIMITED (LSE - FSL). PACRA was the first Credit Rating Agency (CRA) getting licensed as CRA on Feb 14, 1996. Initially, the three institutions, Fitch (44.45%), LSE - FSL (33.33%) and IFC (22.22%) subscribed to the shareholding of PACRA. In late 2002 Fitch and IFC offloaded their entire stake in PACRA. The Chairman and the MD at that time and LSE - FSA bought that stake. Since then, PACRA has been run by a local ownership. Later in 2004 both LSE - FSA and individual stakeholders divested some of their stake to induct two more professionals to strengthen PACRA's ownership structure. The sale purchase of shares continued over the years and the latest ownership of PACRA is a blend of one corporate shareholder and four professional individuals.

Shareholder Percentage
LSE Financial Services Limited 36.00 %
Mr. Mumtaz Hussain 27.00 %
Mr. Usman Haider 13.50 %
Mr. Sardar Ali Wattoo 13.50 %
Mr. Muhammad Adnan Afaq 10.00 %
Total 100.00 %
LSE

LSE FINANCIAL SERVICES LIMITED

MR. MUMTAZ HUSSAIN

MR. MUMTAZ HUSSAIN

MR. SARDAR ALI WATTOO

MR. SARDAR ALI WATTOO

MR. USMAN HAIDER

MR. USMAN HAIDER

MR. MUHAMMAD ADNAN AFAQ

MR. MUHAMMAD ADNAN AFAQ

Shareholding Pattern of PACRA

Shareholder 2020 2019 2018 2013 2012 2011 2009 2008 2007 2006 2005 2003 2002 1995
% No of Shares % No of Shares % No of Shares % No of Shares % No of Shares % No of Shares % No of Shares % No of Shares % No of Shares % No of Shares % No of Shares % No of Shares % No of Shares % No of Shares
LSE Financial Services Limited 36.00 2,683,042 36.00 2,683,042 36.00 2,683,042 36.00 2,683,042 36.00 2,063,878 36.00 1,587,598 36.00 1,058,398 36.00 755,998 36.00 539,999 36.00 539,999 40.00 539,999 40.00 539,999 33.33 449,999 33.33 449,999
Mr. Mumtaz Hussain 27.00 2,012,280 27.00 2,012,280 27.00 2,012,280 27.00 2,012,280 27.00 1,547,908 32.00 1,411,198 32.00 940,798 32.00 671,998 32.00 479,998 18.00 270,000 13.00 175,500 --- --- --- --- --- ---
Mr. Usman Haider 13.50 1,006,140 13.50 1,006,140 13.50 1,006,140 13.50 1,006,140 13.50 773,953 --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Mr. Sardar Ali Wattoo 13.50 1,006,140 13.50 1,006,140 13.50 1,006,140 13.50 1,006,141 13.50 773,953 --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Mr. Muhammad Adnan Afaq 10.00 745,290 10.00 745,290 10.00 745,290 10.00 745,289 10.00 573,299 --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Sheikh Muhammad Iqbal --- --- --- --- --- --- --- --- --- --- 32.00 1,411,195 32.00 940,795 32.00 671,995 32.00 479,998 18.00 270,000 13.00 175,500 --- --- --- --- --- ---
Mr. M. Khalil Mian --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- 15.00 224,998 18.89 254,998 33.33 449,998 --- --- --- ---
Mr. Javed Masud --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- 13.00 195,000 15.11 204,000 26.67 360,000 --- --- --- ---
Fitch (IBCA) --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- 44.44 599,998 44.44 599,998
International Finance Corp. --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- 22.22 300,000 22.22 299,999
Directors 0.00 7 0.00 7 0.00 7 0.00 8 0.00 8 0.00 9 0.00 9 0.00 9 0.00 5 0.00 3 0.00 3 0.00 3 0.00 3 0.00 4
Total 100% 7,452,900 100% 7,452,900 100% 7,452,900 100% 7,452,900 100% 5,733,000 100% 4,410,000 100% 2,940,000 100% 2,100,000 100% 1,500,000 100% 1,500,000 100% 1,350,000 100% 1,350,000 100% 1,350,000 100% 1,350,000