Awwal Corporate Restructuring Company Limited (‘ACRCL’ or the ‘Company’) is an unlisted Public Limited Company, incorporated on December 24, 2021 under the Companies Act, 2017 and set up under Corporate Restructuring Companies Act, 2016. ACRC is as a wholly owned subsidiary of Pak Brunei Investment Company Limited (‘Pak Brunei’).

Subsequently, merger process was initiated for merger of Awwal Modaraba (a modaraba fund managed by Awwal Modaraba Management Limited) with and into ACRCL. The said merger was approved by Honorable High Court of Sindh (the ‘Court’) on March 02, 2023. Post-merger, the Securities and Exchange Commission of Pakistan (the ‘Commission’) granted license to ACRCL on August 31, 2023 to carry-out the corporate restructuring business as defined in the Corporate Restructuring Act 2016 and Corporate Restructuring Rules 2019 as notified by the Commission (as amended from time to time). The Company’s primary business is corporate restructuring through various conventional as well as Shariah compliant structures as the Company deems fit, while ACRCL is also managing the portfolio inherited from Awwal Modaraba as per the Court approved Scheme of Amalgamation for the aforementioned merger.