LSE Financial Services Ltd. (“LSEFSL” – the “Company”) emerged as Non-Bank Finance Company (“NBFC”) as from January 11, 2016, after integration of Lahore Stock Exchange and Karachi Stock Exchange under the Stock Exchange (Corporatization, Demutualization and Integration) Act, 2012. The Securities and Exchange Commission of Pakistan (“SECP”) has granted it a license to carry out the business of Investment Finance Services. Presently, it is a non-deposit taking lending NBFC.
The Company has a paid-up capital of Rs. 1.2 billion and is public Company having registered office at Lahore. The Board of Directors of the Company comprises 9 directors including the CEO/MD. Three of the directors including the Chairman of the Board are independent directors. Most of the shareholders are broker as the shares were allotted to them during the process of demutualization of erstwhile Lahore Stock Exchange Ltd.
The Company owns LSE Plaza consisting of two Towers located at the prime location of Lahore. Most of the offices in the LSE Plaza are that of brokers. There are several commercial banks, multinational companies, Pakistan Stock Exchange (PSX) and stock brokers also has a office in the LSE Plaza.
The Company is a member of NBFI & Modaraba Association of Pakistan.