Aqeel Karim Dhedhi Securities (Pvt) Ltd (AKD) has acquired 37.146 million more ordinary shares of The Bank of Khyber, The Nation learnt. It may be mentioned here that AKD already possessed 19.655 million ordinary shares of Rs.10 each, which makes AKDÆs aggregate holding to 56,802 million ordinary shares (14.1861 percent) in said bank.
The AKD has informed the SECP and Karachi Stock Exchange about this substantial acquisition of Bank of Khyber's shares.
AKD is providing a comprehensive range of investor focused services, including equity brokerage, economic and securities research, investment banking and financial advisory services. AKD Securities accounts for around 8 percent of the average daily volume of the Karachi Stock Exchange, and has the largest market share with over 6000 customers.
AKD Securities' investment banking prowess is well established in the industry. Outside of the large domestic banks, AKD has consistently been ranked as the Number 1 underwriter and arranger of equity market transactions in the last three years. During 2004 and 2005, AKD Securities accounted for 29 percent of all equity underwritings in terms of value. In fiscal year 2004-05,
AKD Securities has strong links with private equity funds in both the Middle East (GCC), as well as East Asia, and is in the process of structuring several innovative transactions using the private equity model. AKD has also developed requisite capacity to participate in the increasingly important Islamic Financing techniques that are just beginning to be seen in Pakistan. AKD Securities remains open to looking at new ventures and projects in order to provide cost effective and marketable financing transactions.
It may be noted here that AKD's additional successful investment banking transactions completed were National Refinery Ltd, Second Largest Refinery û Rs. 16,500 mn
financial advisor to the Attock Oil Group of Companies for the acquisition of 51 percent strategic stake in National Refinery Limited from the Privatization Commission.
Acquisition of Dhan Fibre by Dewan Salman Fibre Ltd, Rs. 4,200 mn financial Advisor and deal broker for the largest private sector acquisition in Pakistan's history. ( Courtesy by “The Nation”