Vision
To be the leader in the financial service sector.
Mission
To ensure growth of various financial services by creating new products and services in financial sector.
HISTORY AND STATUS OF COMPANY
JS Global Capital Limited (‘the Company’) was incorporated as a private limited company on June 28, 2000. However, the Company commenced its operations in May 2003 and name of the Company was changed from JSCL Direct (Private) Limited to Jahangir Siddiqui Capital Markets (Private) Limited. Subsequently, the Company was converted into a public unquoted company and the holding company Jahangir Siddiqui and Company Limited (JSCL) offered its 25% shareholding to the general public for subscription in December 2004 and the Company obtained listing on Karachi Stock Exchange Limited and Islamabad Stock Exchange (Guarantee) Limited on February 7, 2005.
During 2006-07 the Company issued 10,009,700 shares to Global Investment House K.S.C.C Kuwait, (‘Global’). The shares were issued to Global without offering right shares on the basis of a special resolution passed on July 11, 2006. Securities and Exchange Commission of Pakistan vide its letter No. EMD/CI/49/2006-458 dated July 19, 2006 gave its approval in principle to the scheme of the transaction.
During the year 2012, JS Bank Limited (the Bank), a subsidiary of JSCL, acquired 25,525,169 shares of the Company from JSCL and other shareholders against issuance of 185,321,537 shares in lieu thereof. As a result, the principle ownership of the Company was transferred to the Bank. Presently, the Company is a subsidiary of JS Bank Limited.
During the year 2015, three Stock Exchanges namely Karachi Stock Exchange, Lahore Stock Exchange and Islamabad Stock Exchange were integrated into Pakistan Stock Exchange (PSX). As a result, the Company is a Trading Right Entitlement (TRE) Certificate holder of Pakistan Stock Exchange besides being a member of Pakistan Mercantile Exchange.
The Company operates through Eight branches: Two in Karachi, while one each in Lahore, Islamabad, Hyderabad, Multan, Peshawar and Faisalabad besides head (registered) office based in Karachi.
The registered office of the Company is situated at The Center, 17th & 18th Floor, Plot No. 28, S.B.5, Abdullah Haroon Road, Saddar, Karachi.
DETAILS OF PERMISSIBLE BUSINESS ACTIVITIES / SERVICES
The principal business activities of the Company are Share brokerage, Money Market, Forex, Commodity brokerage, Advisory, Underwriting, Book Runner and Consultancy services. Other activities include investment in a mix of listed and unlisted equity and debt securities and reverse repurchase transactions.
SECP BROKER LICENSE NUMBER
BRK-169
NATIONAL TAX NUMBER
1558280-9
PSX TRE CERTIFICATE NUMBER
# 149
SALES TAX REGISTRATION NUMBER
17-00-9807-023-91
COMPANY REGISTRATION NUMBER
K-07989 (OLD)
0041425 (NEW)
EXTERNAL AUDITOR
KPMG Taseer Hadi & Co. Chartered Accountants
LEGAL ADVISOR
Bawaney & Partners
S.A Law Associates
