JCR-VIS Credit Rating Company Limited
(JCR-VIS) has placed the Management Quality Rating of ‘AM3-’ (AM-Three Minus)
assigned to Pak-Oman Asset Management Company Limited (POAMCL), under ‘Rating
Watch Developing’ status.
The rating action
has been taken in view of the approval of Scheme of Arrangement for
merger/amalgamation of POAMCL with and into AKD Investment Management Limited
(AKDIML) by the Board of Directors of POAMCL, subject to no objection and
sanction by the Securities and Exchange Commission of Pakistan. Progress in
this regard will be actively tracked by JCR-VIS.
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