FOUNDATION SECURITIES (PVT) LIMITED
Foundation Securities (Pvt) Limited (FSL) is a full service equities broking and investment banking firm, serving domestic and international clients, investing or seeking broking and advisory services in Pakistan's primary and secondary capital markets. It was established in January 2005 marking the entry of Fauji Foundation in the financial services sector. The Company is a member of the Karachi Stock Exchange with a paid up capital of Rs. 153.5 million (US$ 2.5 million).
FSL represents a pioneering model of partnership with a group of industry professionals. At the commencement of operations, Fauji Foundation had 95% share holding in the Company with the balance equally subscribed by 7 professionals, with considerable industry experience, who form the "Management Group". The Management Group are incentivized to subscribe to additional share holding in the Company, upto a maximum of 49%.
Through its four core divisions, (Equities Broking, Investment Banking, Securities Research and Business support), FSL provides a complete range of equities broking services to all institutional clients, domestic and multinational corporates and a large number of individual/retail clients, in addition to offering a bouquet of specialist investment banking services to both Government and private sector companies.
Within a short period of 2 ½ years since inception, FSL became one of the most active brokers at the Karachi Stock Exchange, handling on an average, 3.0% of the total daily volume turn over. This achievement comes with a large base of over 1,000 institutional and retail clients, serviced by an experienced and well reputed 20-man sales team and support staff at the five offices of FSL in Karachi, Lahore and Islamabad. It is targetting to become a significant player in equities broking and investment banking.
Recently, as a first step to full affiliation with the Macquarie Group, an Australia based market leader in investment and financial services, FSL has signed a Research Distribution Agreement with Macquarie Securities Limited (MSL). Under this agreement, FSL's research is being distributed via the MCSL network to its clients across the region. FSL has access to the MCSL research portal. Later, FSL and MCSL plan to launch joint research products for their equities broking business and also join hands for investment banking/corporate finance transactions in Pakistan.
Its strong investment banking team, with collective experience of over 30 years in the domestic market, has originated and successfully executed a number of prestigious investment banking transactions in Pakistan including: -
- Big ticket privatization transactions - OGDCL, PPL, PSO, NRL and SNGPL.
- Large financial restructuring exercises - FFBL and FCCL.
- Pioneering project finance advisory transactions - 1st hydel and coal fired IPPs, Karachi Mass Transit, Grain Terminal, Toll Roads and E & P.
- Equity and debt capital markets transactions - led the ground breaking IPO of OGDCL and raised around Rs. 4 billion from debt capital markets.
FSL is advising various large corporates on their short and medium term investment solutions. These corporates have invested around Rs. 4.5 Billion in various mutual funds on the back of advice provided by FSL. In addition, FSL has advised on Fauji Foundation's existing investment portfolio of around Rs. 50 Billion, with a view to preparing and executing strategies based on the broad principles of "maintain, grow, reduce or divest." Over time, FSL also has plans to enter the Asset Management and Private Equity business in Pakistan.
For more information click here: Foundation Securities website