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PSX Holds Gong Ceremony on Listing of Octopus Digital Ltd.

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Thursday, October 07, 2021, Karachi: A Gong Ceremony was held at Pakistan Stock Exchange (PSX) to celebrate the IPO of Octopus Digital Limited. BMA Capital was the Lead Manager and the Book Runner to the Issue. The company was listed on PSX on October 5, 2021.

Speaking about the success of the IPO and listing of Octopus Digital Ltd., the Chairman of the Company, Mr. Bakhtiar H. Wain, said, “I am truly overwhelmed at the response we’ve received. It certainly is an achievement, thanks to the efforts of BMA Capital, our Financial Advisor and the Octopus Digital Team. In addition, I would like to sincerely thank our customers and shareholders. It’s a brilliant start, and we will continue to set records and make history with our business results.”

Speaking on the occasion, the Chairman & CEO of BMA Capital Management Ltd., Mr. Moazzam M. Malik, stated, “BMA Capital is thrilled to bring Octopus Digital IPO to the Pakistan Stock Exchange (PSX). This is a
historic event for digital Pakistan and opens the gates wide open for tech companies to do exits on the PSX. Octopus listing broke all previous records and was oversubscribed by a record 27x receiving Rs. 30 billion ($175m approx). The public subscription portion was also the highest ever participation in any IPO in Pakistan’s capital market history.”

Mr. Farrukh H. Khan, Managing Director, Pakistan Stock Exchange, added, “It is an exciting development to welcome Octopus Digital to PSX. We hope that the success of this IPO will also encourage other IT companies to come forth and raise growth capital from PSX.” He further stated, “As a listed company, Octopus Digital Ltd. will benefit from raising capital & having a diversified domestic & foreign shareholder base, keen to invest in
Pakistan.”

The Octopus Digital IPO received a total participation of Rs 30.249 billion against the Issue of Rs 1.110 billion at strike price of Rs 40.60 per share, being oversubscribed by an overwhelming 27.24x. A record breaking 1,757
were successful in the book building process out of 1,821 bidders. The retail portion was also oversubscribed by 4.39x and attracted applications for 30,032,500 million shares against the Issue size of 6,837,500 million
shares.

Octopus Digital Limited raised these funds to develop and launch digital dashboard platforms for industrial & manufacturing industries. The funds were also raised to meet the Company’s HR cost of Marketing & Sales
teams.

BMA Capital Management Executes the Most Successful IPO in Pakistan

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BMA Capital Management is highly pleased to announce that Octopus Digital’s Initial Public Offering (IPO) Book Building Portion has been concluded and the results were overwhelming. Octopus Digital’s IPO has broken all previous records at the Pakistan S tock Exchange (PSX), as the shares on offer were oversubscribed by a record 27-times and total bids received touched a whopping 30 billion rupees. Further, this was the fastest ever book building in the history of Book Building in Pakistan as the book was filled in less than 30 minutes. BMA Capital Management takes immense pride in bringing the first technology IPO in the last 7 years.

The record-breaking oversubscription, with the highest number of applicants, shows there is unwavering investor appetite for both the technology sector and companies that are backed by sound sponsors with a proven track record. It further elaborates the potential of the number of investors our Capital Markets can attract.

“Octopus IPO has proved that there is ample liquidity in Pakistan’s domestic markets for good companies, with good management and a strong business model. This is a historic moment for digital Pakistan – it shows there are successful exits possible in a market like Pakistan. We expect this event will be a catalyst for investments into digital Pakistan. BMA Capital hopes to bring many more such companies to the PSX. The success of this IPO is a result of team work across teams from Avanceon, Octopus, SECP, PSX and BMA Capital. ,” said Mr. Moazzam M. Malik, Chairman and Chief Executive Officer (CEO) of BMA Capital Management.

Bidding opened on Thursday morning at 9am at the minimum price per share of Rs29 and achieved final bid price per share of Rs40.60 (within the first hour of bidding), which is presently the maximum allowed for IPOs in Pakistan. The company has sold 20.5 million shares (or 75% of total shares on offer) to both Institutional and Individual investors at the close of bidding at 5pm on Friday. It is scheduled to offer the rest of the 25% (or Retail Portion) on September 16-17 this week.

BMA Capital Management has an unprecedented legacy of serving as a top-tier financial institution since 1992. Our Investment Banking Group has been a leading player in the transaction landscape of Pakistan, having advised on deals ranging from IPOs to privatizations to advisory. Since inception, our Investment Banking Group has closed transactions in excess of USD 12 billion, which include some of the landmark (such as stake sale of PTCL…etc.) transactions in Pakistan.

“My team took the task of catering to this unprecedented investor interest with zeal and I look forward to bringing more attractive investment opportunities for our investors on the PSX” stated Mr. Malik at the close of bidding on Friday.

BMA Capital successfully closes UBL’s issue of Tier-1 Term Finance Certificates

Karachi: February 08th, 2019: BMA Capital Management Limited (“BMA”), Pakistan’s premier financial services’ firm, recently successfully raised PKR 10 Billion in Additional Tier 1 Term Finance Certificates (“TFC”) for United Bank Limited (“UBL” or the “Bank”). The TFC, which has been issued to increase the Bank’s capital adequacy ratio, is the largest publicly listed Additional Tier 1 debt instrument in the history of Pakistan’s capital market.

As Consultant to the Issue, BMA was actively involved in transaction structuring, documentation, preparing marketing material, conducting investor presentations and one-one meetings, liaising with regulatory authorities and obtaining relevant approvals to ensure the smooth execution of the transaction.

In order to maximize demand, the transaction was undertaken in two phases i.e. a Private Placement of PKR 6 Billion for institutional investors, with a Green-Shoe option to raise further PKR 3 billion (“Pre-IPO”) followed by an Initial Public Offering of PKR 1 Billion to retail investors (“IPO”).

The Pre-IPO witnessed stellar demand, being oversubscribed by 50%, resulting in the Green-Shoe option being exercised and was closed at PKR 9 Billion. The Pre-IPO witnessed active participation by a diverse investor base which included banks, insurance companies, employee funds, and development financial institutions and local corporates.

The IPO, which was Pakistan’s first public offering of 2019, also garnered an overwhelming response from the general public, being subscribed by more than 160%. Over a two-day period, investors from all over Pakistan generated demand in excess PKR 1.6 Billion versus an issue size of PKR 1 Billion, making it one of the most successful IPOs in the bonds market to date.

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For more information please contact:

Mr. Jawad Bhatti
Head of Customer Services
T: +92 21 111 262 111 Ext: 2071
E: jawad.bhatti@bmacapital.com

ABOUT BMA CAPITAL MANAGEMENT LIMITED

BMA Capital is one of the leading financial institutions in Pakistan offering a diverse range of services in relation to Pakistan’s Capital Markets. Our service offering includes equity brokerage, asset management, investment banking, research, fixed income and foreign exchange desks, commodities, investment advisory and financial services distribution. Consistently ranked at the top, our credentials are acknowledged by leading independent platforms resulting in accolades such as Best Equity Brokerage House 2017 by CFA Society of Pakistan, Best Money Market Broker 2017 by the Financial Markets Association Pakistan, Best Local Brokerage 2nd Runner-up 2016 by AsiaMoney, Best Brokerage House 2014 (2nd Runner Up), Best Equity Research Analyst (Runner Up) 2013 & 2014, Best Equity Trader 2013 (Runner-up) by CFA Society of Pakistan, Best Investment Bank 2010 by Euromoney, FT’s The Banker “Deal of The Year” for Asia Pacific in 2009 & 2010 (2nd Prize), Asia Money Brokers Poll 2009 (Rank 3rd), Hedge Funds World Middle East 2009 nomination for “Best Hedge Fund Manager” to name a few. We have successfully closed landmark, pioneering and distinguished transactions in Pakistan with gross value in excess of US$12 billion, which include US$ 153 million Secondary Public Offering of PPL, the first ever unsecured sukuk of Al-baraka Bank Limited, US$ 811 million GDR Offering of OGDCL on the London Stock Exchange, US$2.6 billion acquisition of PTCL by Etisalat, UAE, US$ 1.6 billion privatization of Kot Addu Power Company Limited and US$ 898 million GDR issue of PTCL on the Luxembourg Stock Exchange. In 2018, BMA successfully closed the US$25 million Offer for Sale of Shares of AGP Limited, the first listing in Pakistan’s pharmaceutical sector in over 19 years. Notably, we are also mandated as Consultant to the Issue for US$ 75 million (PKR 10 Billion) Additional Tier 1 Term Finance Certificates of United Bank Limited among other investment banking transactions. Our strength in capital markets is underpinned by our unrivalled placement experience and extensive distribution network and a robust and independent research capability, which is quoted regularly in both local and international media. BMA Capital is a corporate member of the Pakistan Stock Exchange, Pakistan Mercantile Exchange, Overseas Chamber of Commerce and was incorporated as a public limited unlisted company in 1992 – over 25 years ago. We are headquartered in Karachi and have offices in six other cities across Pakistan. BMA Asset Management Company Limited (BMA Funds) is a 100% held subsidiary of BMA Capital. It is a Non-Banking Finance Company licensed to perform asset management and Investment Advisory Services as per the NBFC Rules, 2003.

Farrukh Sabzwari, CEO, BMA Capital appointed Commissioner SECP, Moazzam M. Malik to replace him

Karachi: December 21st, 2018: “It’s difficult to say goodbye to BMA Capital, I will miss the culture, the people and most importantly the leadership – I enjoyed working here and wish Moazzam and the BMA Group success in the future. However, seldom do people get an honor to serve their country and I will do my best to improve the capital markets and also ensure investor confidence is maintained. Till then adieu”, said Farrukh H. Sabzwari, the outgoing CEO.

Farrukh H. Sabzwari, who had recently taken over as CEO, BMA Capital was appointed as Commissioner, SECP on 7th of December 2018. Moazzam M. Malik, Chairman, BMA Capital has replaced him as CEO. This is a great honour for Farrukh and for BMA Capital.

“We wish Farrukh success in his new position as Commissioner, SECP. His integrity, leadership skills and respect in the industry are qualities we wish to promote in our firm. He is a great testament to the quality of people that work at BMA Capital and we wish him best in his future endevours. I am glad to be back in the saddle. I am looking forward to engaging with our customers and serving them to the best of our abilities. We have a stellar team here at BMA Capital and I am confident that our service delivery will continue to reflect our resolve to be the best in class in the industry”, said Moazzam.

Moazzam is one of the founding partners of BMA Capital and has been instrumental in developing BMA Capital to become one of the country’s leading investment banking & asset management organisation.

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   BMACapitalManagement
   BMACapitalManagement
   BMA Capital Management Ltd.
   BMACapialMgmt

For more information please contact:

Mr. Jawad Bhatti
Head of Customer Services
T: +92 21 111 262 111 Ext: 2071
E: jawad.bhatti@bmacapital.com

ABOUT BMA CAPITAL MANAGEMENT LIMITED

BMA Capital is one of the leading financial institutions in Pakistan offering a diverse range of services in relation to Pakistan’s Capital Markets. Our service offering includes equity brokerage, asset management, investment banking, research, fixed income and foreign exchange desks, commodities, investment advisory and financial services distribution.

Consistently ranked at the top, our credentials are acknowledged by leading independent platforms resulting in accolades such as Best Equity Brokerage House 2017 by CFA Society of Pakistan, Best Money Market Broker 2017 by the Financial Markets Association Pakistan, Best Local Brokerage 2nd Runner-up 2016 by AsiaMoney, Best Brokerage House 2014 (2nd Runner Up), Best Equity Research Analyst (Runner Up) 2013 & 2014, Best Equity Trader 2013 (Runner-up) by CFA Society of Pakistan, Best Investment Bank 2010 by Euromoney, FT’s The Banker “Deal of The Year” for Asia Pacific in 2009 & 2010 (2nd Prize), Asia Money Brokers Poll 2009 (Rank 3rd), Hedge Funds World Middle East 2009 nomination for “Best Hedge Fund Manager” to name a few.

We have successfully closed landmark, pioneering and distinguished transactions in Pakistan with gross value in excess of US$12 billion, which include US$ 153 million Secondary Public Offering of PPL, the first ever unsecured sukuk of Al-baraka Bank Limited, US$ 811 million GDR Offering of OGDCL on the London Stock Exchange, US$2.6 billion acquisition of PTCL by Etisalat, UAE, US$ 1.6 billion privatization of Kot Addu Power Company Limited and US$ 898 million GDR issue of PTCL on the Luxembourg Stock Exchange.

In 2018, BMA successfully closed the US$25 million Offer for Sale of Shares of AGP Limited, the first listing in Pakistan’s pharmaceutical sector in over 19 years. Notably, we are also mandated as Consultant to the Issue for US$ 75 million (PKR 10 Billion) Additional Tier 1 Term Finance Certificates of United Bank Limited among other investment banking transactions. Our strength in capital markets is underpinned by our unrivalled placement experience and extensive distribution network and a robust and independent research capability, which is quoted regularly in both local and international media.

BMA Capital is a corporate member of the Pakistan Stock Exchange, Pakistan Mercantile Exchange, Overseas Chamber of Commerce and was incorporated as a public limited unlisted company in 1992 – over 25 years ago. We are headquartered in Karachi and have offices in six other cities across Pakistan. BMA Asset Management Company Limited (BMA Funds) is a 100% held subsidiary of BMA Capital. It is a Non-Banking Finance Company licensed to perform asset management and Investment Advisory Services as per the NBFC Rules, 2003.

BMA Capital announces appointment of Farrukh H. Sabzwari as CEO, BMA Capital.

Karachi: November 8th, 2018: BMA Capital, Pakistan’s premier financial services’ firm, announced that after completing his three-year term as CEO, Nadir Rahman will be handing over to Farrukh H. Sabzwari as Chief Executive Officer, BMA Capital effective November 7th, 2018. This announces the successful transition of management handover from one professional CEO to another professional at BMA Capital.

Moazzam M. Malik, Chairman, BMA Capital, said: “Under Nadir’s leadership, BMA Capital strengthened its management team, which delivered BMA Capital’s first IPO, issued a US$ 75 mn (PKR 10bn) additional Tier 1 TFC of UBL, won the Best Brokerage House award 2017 from CFA and the best Money Markets Award 2017 from FMA. He was also instrumental in expanding the branch network of BMA Trade and modernizing the back office.”

Farrukh’s appointment is part of BMA Capital’s continuing effort to deliver world class financial services to our extensive domestic & international clients. Farrukh joined BMA Capital as MD, Equities in February 2018. In his previous roles he has served as Director Asian Equities Sales at Credit Suisse in Singapore, CEO, KASB Securities and VP Subcontinent sales with CLSA in NY. Having spent more than 20 years covering the Asian Equities asset class from New York, Singapore and Karachi, Farrukh is well entrenched in Asian equities and more specifically Frontier and Emerging Markets.

“We strongly believe in the robust economic fundamentals of emerging markets, more specifically, Pakistan. Being well versed with the underlying growth drivers, we are well positioned to enforce investor confidence into our economy and service them through our 360-degree product offering. Moreover, as we plan for the next decade, we look towards technology to extend our customer outreach and transform BMA Capital into a first of its kind holistic financial services provider. As we move forward, I would also like to thank our customers and let them know that we are humbled by the confidence reposed in us by them and that we will ensure our team works round the clock to achieve perfection in our service quality”, commented Farrukh.

“We are very excited to welcome Farrukh as CEO. His integrity, leadership skills and respect in the industry are qualities we wish to promote in BMA Capital. Given where the industry is today, Farrukh’s aggression and customer focus will help spearhead the professional growth of the firm”, said Moazzam, Chairman, BMA Capital

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   BMACapitalManagement
   BMACapitalManagement
   BMA Capital Management Ltd.
   BMACapialMgmt

For more information please contact:

Mr. Jawad Bhatti
Vice President
Customer Services & Compliance
T: +92 21 111 262 872
E: jawad.bhatti@bmacapital.com

ABOUT BMA CAPITAL MANAGEMENT LIMITED

BMA Capital is one of the leading financial institutions in Pakistan offering a diverse range of services in relation to Pakistan’s Capital Markets. Our service offering includes equity brokerage, asset management, investment banking, research, fixed income and foreign exchange desks, commodities, investment advisory and financial services distribution.

Consistently ranked at the top, our credentials are acknowledged by leading independent platforms resulting in accolades such as Best Equity Brokerage House 2017 by CFA Society of Pakistan, Best Money Market Broker 2017 by the Financial Markets Association Pakistan, Best Local Brokerage 2nd Runner-up 2016 by AsiaMoney, Best Brokerage House 2014 (2nd Runner Up), Best Equity Research Analyst (Runner Up) 2013 & 2014, Best Equity Trader 2013 (Runner-up) by CFA Society of Pakistan, Best Investment Bank 2010 by Euromoney, FT’s The Banker “Deal of The Year” for Asia Pacific in 2009 & 2010 (2nd Prize), Asia Money Brokers Poll 2009 (Rank 3rd), Hedge Funds World Middle East 2009 nomination for “Best Hedge Fund Manager” to name a few.

We have successfully closed landmark, pioneering and distinguished transactions in Pakistan with gross value in excess of US$12 billion, which include US$ 153 million Secondary Public Offering of PPL, the first ever unsecured sukuk of Al-baraka Bank Limited, US$ 811 million GDR Offering of OGDCL on the London Stock Exchange, US$2.6 billion acquisition of PTCL by Etisalat, UAE, US$ 1.6 billion privatization of Kot Addu Power Company Limited and US$ 898 million GDR issue of PTCL on the Luxembourg Stock Exchange.

In 2018, BMA successfully closed the US$25 million Offer for Sale of Shares of AGP Limited, the first listing in Pakistan’s pharmaceutical sector in over 19 years. Notably, we are also mandated as Consultant to the Issue for US$ 75 million (PKR 10 Billion) Additional Tier 1 Term Finance Certificates of United Bank Limited among other investment banking transactions. Our strength in capital markets is underpinned by our unrivalled placement experience and extensive distribution network and a robust and independent research capability, which is quoted regularly in both local and international media.

BMA Capital is a corporate member of the Pakistan Stock Exchange, Pakistan Mercantile Exchange, Overseas Chamber of Commerce and was incorporated as a public limited unlisted company in 1992 – over 25 years ago. We are headquartered in Karachi and have offices in six other cities across Pakistan. BMA Asset Management Company Limited (BMA Funds) is a 100% held subsidiary of BMA Capital. It is a Non-Banking Finance Company licensed to perform asset management and Investment Advisory Services as per the NBFC Rules, 2003.

BMA Capital awarded The Best Broker Money Market by the FMA Brokers Survey 2018

Karachi, Pakistan, April 30, 2018: BMA Capital Management Limited (BMA Capital) continued its impressive showing in Pakistan’s Fixed Income & Foreign Exchange (FX) inter-bank market besides its equity brokerage business. In the 2018 FMA survey, BMA Capital has been awarded the prestigious ‘Best Broker Money Market – 2017’. FMAP is the professional body of Money Market & Foreign Exchange dealers of banks, financial institutions and brokerage houses in Pakistan. The FMA survey is considered the gold standard of gauging performance in Pakistan’s Inter-Bank Money and FX markets.

BMA Capital’s Treasury Operations (Money Market and Foreign Exchange desks) has a longstanding presence in the industry since 1992 when it pioneered corporate Fixed Income and Forex brokerage operations in Pakistan. BMA Capital is also privileged to have the largest number of financial institutions associated as clients. It provides comprehensive services in trading of fixed income instruments (PIBs, T-Bills, TFCs and corporate bonds) and currency. It is focused on driving reformed and transparent processes and expertise to help corporate customers and institutions control risks, capture opportunity and trade efficiently and reliably – all supported by deep market insight. Its ongoing commitment enables BMA to ensure liquidity and competitive pricing across the markets in which it operates.

BMA Capital remains a market leader in both Pakistan’s fixed income and equity brokerage markets, having an increasing foot print domestically through its branch network in all the major cities of Pakistan and a very strong relationship with Foreign & Domestic Institutions.

BMA Capital names Credit Suisse veteran, Farrukh H. Sabzwari as Managing Director –Equities

Karachi, Pakistan,February 09, 2018: BMA Capital Management Limited, Pakistan’s premier investment group, announced the appointment of Mr. Farrukh H. Sabzwarias Managing Director effective February 09, 2018.
Mr. Sabzwari, was recently Director Asian Equities Sales at Credit Suisse in Singapore. Having spent more than 20 years covering the Asian Equities asset class from New York, Singapore and Karachi with CLSA, KASB (A Merrill Lynch affiliate) and Credit Suisse –Farrukh brings a wealth of experience in Asian equities and more specifically, the Frontier Markets. His appointment is part of BMA’s continuing effort into achieving a dominant position with its clients whilst leveraging its extensive domestic and international distribution and reach.

Nadir Rahman, CEO of BMA Capital said, “We are delighted to have Farrukhjoin BMA Capital and welook forward to him spearheading our international, institutional, HNW and retail businesses along with Research. These are extremely important lines of business for BMA Capital and we hope to become the best in class in Pakistan under his leadership.”
Farrukh’s appointment is further testament to the BMA board’s strategy to provide the highest level of service coupled with the highest level of integrity.

BMA Capital continues to attract quality talent

Karachi: March 07, 2017: BMA Capital, Pakistan’s premier investment group has recently hired market leaders in various disciplines, building up a strong team as it approaches its 25th Anniversary on March 26th 2017.

Umair Aijaz, a senior Investment Banking professional with over 13 years of experience in the financial services sector has been appointed as Executive Director and has to his credit credentials of approximately USD 700 million. Umair has significant exposure and experience pertaining to various stages of equity & debt transactions across various sectors.

To strengthen the operations department, Tahir Iqbal was given the charge as the new Executive Director Operations. Tahir brings 28 years of comprehensive experience of streamlining operations and technology driven customer services and business activities.

The most recent addition to BMA Capital is Muhammad Fawad Khan, CFA who has joined as Executive Director Research and Business Development. Fawad is an experienced investment professional with 14 years of rich and diversified experience on local and global research platforms including Bank of America Merrill Lynch and Macquarie and is known for differentiated skills in investment idea generation, financial modeling, research communication, stock picking, and portfolio advisory.
BMA’s Board of Directors continues its efforts to attract market leading professionals to provide exceptional client service.

BMA Capital signs MoU for the establishment of China Pakistan Investment Initiative (CPII)

Karachi, Pakistan 22 January 2016: – At the conclusion of the visit by a delegation of companies from China, led by H.E. ShaZukang, Pakistan China Friendship Association, BMA Capital Management Limited, Gorntazy Capital Partners Limited and International Green Economy Association, signed a Memorandum of Understanding for the establishment of an China Pakistan Investment Initiative (CPII).

The CPII provides for ongoing support and services to companies from China seeking to invest in or do business in Pakistan with reciprocal services to Pakistani companies.

The visit, organized by the Pakistani Embassy in Beijing, in addition to presentations on Pakistan’s sector based investment case, comprised B2B meetings in Islamabad, Lahore, and Karachi. Various Federal and Provincial Government Ministries coordinated closely to make the visit a success.

H.E. ShaZukang followed by saying “China is very confident in Pakistan’s future and hence has invested more in Pakistan than it has any other Asian country. He further emphasized that they have come to Pakistan due to their confidence in it and will continue to keep bringing groups of private sector companies to explore opportunities. Building on what MunirAkram said ShaZukang emphasized how concrete and tangible results with the private sector were of highest importance. To ensure the same CPII is being created, to facilitate and follow up on any projects and investments from either side.”

Ambassador MunirAkram thanked H.E. ShaZukang for making it to Pakistan after many years. He spoke about H.E. many contributions, both diplomatic and conventional, in the development of Pak China relations. He went on to say “It is imperative that we establish a process to follow up on either side for tangible and concrete results of various MoU being signed.”

At the occasion Mr. Moazzam Malik said “After seeing such an impressive private sector delegationvisit Pakistan, and many more to come, it is great to see the China Pakistan Economic Corridor come to life. We hope these initiatives can bring success and prosperity to both countries.”

The mission of International Green Economy Association is to promote green economy, sustainable development and to construct an ecological civilization. We are committed to providing green solutions to the regional economic development of industries, agriculture, energy, and environmental protection. International Green Economy Association have more than 1,000 member companies and 500 expert industry consultants GreenThink Tankers. We have more than 50 green economy corporation partners and more than 10 strategic regional economic base. In order to promote the efficient integration of green economy resources, International Green Economy Association has created an industry alliance system, a international exchanges and cooperation platform, and CSR and public welfare development institution.

Gorntazy Group’s strategic objective is to help its clients build relationships in the Middle East and Asia, particularly China, with a view to raise capital from these regions and promoting strong trade and economic links between investors, governments and Gorntazy’s clients. Gorntazy’s client list includes leading financial groups within Private Equity, Hedge Funds and Real Estate. The Group also promotes many unique direct investment opportunities with a focus on natural resources and infrastructure. Gorntazy focuses its marketing on sovereign wealth funds, pension funds as well as targeted institutions/ groups and high worth individuals within the GCC and Asia. Since inception, Gorntazy Company has achieved significant success in its objectives.

BMA Capital, is a Corporate Member of the Karachi Stock Exchange and is one of the leading securities brokerage, asset management & investment banking firms in Pakistan, established since 1992. The principal activities of BMA Capital include all aspects of the capital markets covering Equities, Fixed Income, Treasury (Money Markets & Foreign Exchange), Commodities, Asset Management, Corporate Finance & Advisory, Research, Investment Advisory and Financial Products distribution. We have successfully managed and completed transactions in excess of USD 12 Billion including some of the most pioneering and landmark transactions in the history of Pakistan.

EFU Life and BMA Capital Enter into Alliance

Karachi, Pakistan 12 January 2016: – EFU Life Assurance Ltd and BMA Capital entered into a strategic alliance to promote EFU Life financial planning products to BMA customers. An agreement was signed recently in Karachi between the two organizations.
Speaking on the occasion, Mr. Taher G. Sachak, CEO & MD EFU Life said “We are delighted to partner with BMA Capital and are pleased to offer our high value financial planning solutions to their customers. BMA is a trusted name in the investment advisory services industry and we are confident that inclusion of our products in their menu will add significant value to the customers’ overall financial planning universe.”
Mr Nadir Rahman, CEO BMA Capital, echoing Mr. Sachak’s sentiments, added “Financial planning and financial inclusion remain underserved in Pakistan. At BMA, we strive to provide diverse investment options to the customer base at large. We are extremely pleased to work with EFU Life, one of the oldest and most respected names in the business.