The oversight framework for the strategic investments is improving in line with the management objective to strengthen the holding company character of JSCL.
Meanwhile, JSCL is following a consolidation strategy, focused on enhancing yield on current book; whereby additional investments would be mainly limited to meet the needs of existing portfolio companies.
JSCL financial profile continues to benefit from the ensuing dividend stream, though currently low, which is expected to increase with improving abilities of certain underlying entities.
JSCLs low leveraged capital structure remains a source of comfort.
The ratings reflect JSCLs strong risk absorption capacity emanating from a sizeable investment portfolio, mainly financed through equity.
JSCL is engaged in the securities industry of Pakistan and has four major business segments including:
The presence of JSCL has been widely felt in corporate circles due to its role in Pakistan's financial markets by encouraging domestic and international investor's participation and new product innovation.
Research and Fund Management: JSCL can be credited for successfully introducing and popularizing the use of equity research in the Pakistani market and has set the trend of using macroeconomic and technical analyses aimed at providing multiple insights on short-term and long term market-moving events for the benefit of our institutional and retail clients.
JSCL acquired 60% of Citicorp Investment Bank (Pakistan) Limited in September 1999 and renamed the firm Jahangir Siddiqui Investment Bank Limited ("JSIBL" or "the Bank").
ABAMCO itself is a joint venture amongst JSCL
, AMVESCAP, IFC, MCB and PCB.