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Profile


History and Incorporation


SLCL was incorporated on December 6, 1993 under the Companies Ordinance 1984, and commenced commercial operations on May 21, 1995 immediately after receiving the license to carry on leasing business and the Certificate to Commence Business. The Company is listed on Karachi, Lahore Stock Exchange (Guarantee) Limited with a paid-up capital of PKR 363 million. The principle activity of the Company is leasing to both individual and corporate entities, which have a proven track record of timely repayments, good profitability and strong cash flows from their operations, thus insuring quality leases and clients. The company has made its new leasing business fully compliant to Shariah injunctions from November 2002. Besides leasing, the company also invests its funds in other profitable operations like investments in short term and long term debt and equity instruments. These investments not only support the company’s core operations but also help in the utilizations of surplus funds when leasing demands are low. SLCL is amongst the top ten leasing companies in Pakistan. The Company actively seeks to play a positive and constructive role in the capital and fund markets in Pakistan and actively invites offshore funding both from private sources and multilateral agencies with the objective of expanding the fund base available for Pakistan’s industrial and economics growth.


OwnerShip Structure


The major shareholders of SLCL are its directors Merrill, Lynch, Pierce, Fenner & Smith Inc. U.S.A. The remaining shareholding of the company is owned by private companies and public investors. SLCL enjoys a sound reputation in the financial and leasing sector due to professional record of its sponsors, directors and management.

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