ACRCL - Awwal Corporate Restructuring Company Limited

Welcome To
ACRCL - Awwal
Corporate Restructuring
Company Limited

Empower Your
Business with
Awwal Modaraba

Achieve Your
Financial Goals
With Peace of Mind

Trust us to help you navigate the complex landscape and
achieve your financial goals with peace of mind.

Our Highlights

Financials

We analyze market trends, manage risks, and optimize your portfolio to maximize returns and achieve your financial goals.

Board of Directors

Our team of experienced advisors will guide you in making informed investment decisions, whether you're a beginner or an experienced trader.

Investor Relations

We employ industry-leading tools and techniques to protect your investments and minimize potential losses.

Complaints

Expand your knowledge and skills in cryptocurrency trading through our educational resources.

Innovation in Financial Services

Awwal Corporate Restructuring Company Limited (‘ACRCL’ or the ‘Company’) is a specialized company which has been set up under Corporate Restructuring Companies Act, 2016 and licensed by the Securities and Exchange Commission of Pakistan (the ‘Commission’) to operate as a Corporate Restructuring Company. The Company’s primary activity is 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), through various conventional and other customised structures as ACRC may deem fit.

The Company has been formed with the sole objective of conducting corporate restructuring business including but not limited to acquisition and management of Non-Performing Assets/Infected Loan Portfolio from other banks/financial institutions, Corporate Restructuring Advisory services for revival/rehabilitation of sick units/commercially and financially distressed companies to revive business operations of such entities through corporate restructuring while recuperating profitability.

Our Board of Directors

Mr. S.M. Aamir Shamim

Director

Mr. Javed Kazim Siddiqui

Director

Mr. Abdul Jaleel Shaikh

Director

Mr. S.M. Adnan Raza Naqvi

Director

Mr. Syed Ejaz Ali Shah

Director

Our Professional Team

Mr. Mansoor Ahmed

Chief Executive Officer

Ms. Misbah Asjad

Company Secretary

Mr. Javed Kazim Siddiqui

Mr. Siddiqui is a senior Chartered Accountant, fellow member of the Institute of Chartered Accountant of Pakistan, a ‘Certified Director’ with his name listed in data bank of Pakistan, Institute of Corporate Governance. He has a very rich and diversified exposure spanning over 40 years, 2 continents, 4 countries and 11 industries including banking, oil and gas, manufacturing, FMCG, trading, hospitality, regulatory organization, and consulting. He has worked for fifteen (15) years in various countries and for more than twenty-five (25) years in Pakistan, in the fields of corporate, organizational, financial, I.T, and human resource management, held progressively senior management positions in various multinational companies and large international & local organisations, both in private sector and public sector, and a regulatory organisation.

After completing the professional training of Chartered Accountants from PwC (A. F. Ferguson & Co.) Karachi, Mr. Siddiqui started his career in 1978 with Smith & Nephew Pharmaceutical Co., a subsidiary of a British company, later joining Pakistan Petroleum Ltd., the then subsidiary of Burma Oil Company, U.K., and worked in the Project & Development Division. He was then hired by Saudi Naval Forces in Jeddah to head their internal audit department.

On completion of five (05) year term with Saudi Navy, he joined Unilever Pakistan Ltd., later moving on to Dubai in 1990 where he worked for ten (10) years for various leading organizations, his last assignment being with Dubai Investment Parks. He also worked for Toronto Dominion Bank in Canada as Financial Analyst.

In the year 2000, Mr. Siddiqui was hired by a public sector financial institution in Islamabad, Pakistan, as its Chief Financial Officer with a mandate to restructure it and convert it into an incorporated entity, amalgamating another public sector financial institution with it. He was a key member of the founding team of SME Bank that was responsible for the restructuring and amalgamation process & incorporation of SME Bank Ltd, the then only specialised bank catering to the needs of SME sector. On incorporation of the bank, he was assigned additional responsibilities as its Company Secretary.

After more than four years with the bank, Mr. Siddiqui then moved on to Securities & Exchange Commission of Pakistan, the apex regulator of stock market and corporate sector, where he served for 8 years as Executive Director, heading the Company Law Division and various other divisions at different times. He was also part of the team which worked on the conceptualisation of the Audit Oversight Board of Pakistan. Since 2013, Mr. Siddiqui is in practice as a Partner in a Chartered Accountant and consulting firm in Islamabad.

Apart from being an Independent Director in Awwal Corporate Restructuring Company, currently, Mr. Siddiqui sits on the board and its committees of a public sector company; an SOE in the hydropower sector, as an Independent Director. Recently, he completed his two terms as Independent Director on the board & board committees of a listed company and two of its subsidiaries. Earlier, he also served as a Director of a bank’s subsidiary leasing company, as Chairman of the Board of an I.T. company, and also performed as Acting CEO of a public sector financial institution. He is also a member of the Institute of Chartered Accountants of Pakistan’s committee on ‘Public Sector’ and a mentor of the ICAP mentorship programme.

Mr. Siddiqui is a certified trainer, has conducted Directors Orientation Programme for the board of a financial institution, travelled widely, attended numerous conferences, seminars and workshops in various countries, and spoken on international and national forums on professional topics.

Mr. Abdul Jaleel Shaikh

Mr. Shaikh has nearly fifty (50) years of diverse professional experience spanning Civil Engineering, Project Management, Risk Management, Corporate Finance, Credit Administration, Special Asset Management, Operations, Human Resource Management, Information Technology, and General Administration. Over the past four decades, he has been associated with two prominent DFIs, leading multiple divisions and managing cross-disciplinary activities.

His most recent role was as the Chief Risk Officer at Pak Brunei Investment Company, where he served from its inception in 2007 until September 30, 2024. During this 17-year tenure, he held various key positions, including Chief Operating Officer, Group Head - Corporate Banking & Structured Commodity Finance, and Group Head - Special Asset Management. Mr. Shaikh played a pivotal role in establishing the Operations Group, leveraging his extensive market knowledge and system design expertise to ensure efficient and effective operations. He was an active member of key decision-making committees and represented Pak Brunei as a Nominee Director on several boards.

Prior to joining Pak Brunei, Mr. Shaikh was associated with Saudi Pak Industrial & Agricultural Investment Company (‘Saudi Pak’) for over 20 years. As a core member of the senior management team, he contributed to strategic business decisions and represented Saudi Pak on the boards of various manufacturing and service-sector companies, including Saudi Pak Commercial Bank, Saudi Pak Insurance Company, Fecto Cement Company Limited, First General Modaraba Services (Private) Limited, Al Hamara Hills (Private) Limited, and Japan Power Generation Company Limited.

Earlier in his career, Mr. Shaikh worked as a Civil Engineer/Project Manager with an organization under the Aviation Division of the Ministry of Defense. He contributed to airport development projects in collaboration with Northrop Corporation and the U.S. Army Corps of Engineers, managing strategic infrastructure projects in Saudi Arabia. Additionally, he served as the Project Director for the 22-story Saudi Pak Tower in Islamabad.

Mr. Shaikh holds a Bachelor of Engineering degree in Civil Engineering from NED University of Engineering and Technology, Karachi. He is a Certified Director and currently serves as a Director on the boards of Citi Pharma Limited, Nimir Industrial Chemicals Limited, Primus Leasing Limited, and Awwal Corporate Restructuring Company Limited.

Mr. Mansoor Ahmed

Mr. Ahmed is currently serving as Chief Executive of ACRC. He has a diversified experience of around twenty (20) years in Advisory, Investment Banking and Equity Research. Before assuming responsibility of this new role, he was working as Head of Structured Finance and before that, he served in the same capacity for Awwal Modaraba for over two (02) years. During this period, he executed various structured finance transactions and also managed merger transactions of Awwal Modaraba with and into ACRC as well as the merger of KASB and First Pak Modaraba with and into First Prudential Modaraba.

Earlier, he served as Head of Advisory and Capital Markets, managing equity investments portfolio where he worked on and successfully closed many advisory assignments including due diligence on various companies, financial restructuring, fresh capital & merger advisory, and valuations. Prior to joining the Modaraba in 2017, Mr. Ahmed was associated with the Advisory and Strategic Investments Group (Investment Banking Division) at Pak Brunei. He joined Pak Brunei in February 2008 and served in various capacities, including Acting Head of Investment Banking. He was actively involved in transactions relating to structured debt financing, project and rehabilitation financing, merger & acquisition deals, capital raising through debt/equity markets, and underwriting.

He worked on Pak Brunei’s proprietary equity investments including revival/growth capital & hybrid instruments and special initiatives like the establishment of Pak Brunei’s subsidiary for Modaraba business and then another subsidiary for Corporate Restructuring business. He also conducted due diligence exercises for the acquisition of a leasing company as well as for bidding on other distressed modarabas (Acquired Modarabas) for acquisition of management rights.

Previously, Mr. Ahmed worked in the research department of Taurus Securities Limited (a subsidiary of the National Bank of Pakistan) for around three (03) years where he served as a Senior Research Analyst responsible for conducting in-depth analysis and research on the local equity market as well as listed companies and proposing investment strategies to institutional and retail clients.

Mr. Ahmed holds an MBA (Finance) degree from University of Karachi’s Business School. He also represented Pak Brunei on the board of a client, an auto vendor company. He has also attended the SECP-approved Director's Training Program conducted by LUMS.

Important Notice:
"As per the approval order passed by the Honorable Sindh High Court, Karachi, Awwal Modaraba has been merged with and into Awwal Corporate Restructuring Company Limited. Accordingly, the certificate holders of both Awwal Modaraba may access any information pertaining to the period prior to the aforesaid merger under the relevant tabs on this website".

Get in Touch

Address: 3rd Floor, Horizon Vista, Plot No. Commercial 10 Block No 4, Scheme No. 5, Clifton, Karachi, Pakistan

Phone: +92 21 38771685
Fax: +92 21 35374275
Email: info@acrcl.com.pk