Saudi Pak Industrial and Agricultural Investment Company Limited most commonly known as SAUDI PAK is the principal founder of SPR. SAUDI PAK is a premier and renowned financial institution of the Country. It was established in 1981 under a joint venture agreement signed between the Kingdom of Saudi Arabia and the Government of Islamic Republic of Pakistan for capital formation and investment in industrial and agricultural projects with focus on high value addition, export potential and maximum utilization of indigenous resources. The Kingdom of Saudi Arabia and the Government of Pakistan have equal equity in SAUDI PAK and their individual equity share in the ratio of 50:50 is subscribed through Public Investment Fund of Saudi Arabia and State Bank of Pakistan. In addition to its main office in Islamabad, SAUDI PAK also operates through its regional offices in Karachi, Lahore and Riyadh.
SAUDI PAK is a highly resourceful and experienced company with diversified operations and proven capabilities. It is the main sponsor in Saudi Pak Leasing Company Limited. The leasing company was acquired in 1997 from the sponsors of Standard Chartered Mercantile Leasing Company. SAUDI PAK had also acquired, in 2001, a scheduled bank - Prudential Commercial Bank Limited, the name of which was changed to Saudi Pak Commercial Bank Limited after the completion of acquisition process. In the year 2008, entire shareholding of Saudi Pak Commercial Bank Limited has been profitably divested. In addition, SAUDI PAK has also stepped in the insurance sector by setting up Saudi Pak Insurance Company Limited to further diversify its scope of operations. Besides these strategic investments, SAUDI PAK has also interests in a number of other business entities in Pakistan.
With the said background of its sponsors, the credentials of SPR are strong, sound and trusted.