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In October, 1997, Saudi Pak Industrial & Agricultural Investment Co.Limited ("SAPICO") acquired the entire 30% shareholding of Standard Chartered Mercantile Leasing Co. Limited and rechristend it as Saudi Pak Leasing Co. Limited (SPLC) with its Head Office at Karachi.At present, SAPICO holds 35.06% stake in the Company while the other major shareholder of the Company VIZ: Premier Mercantile services (Pvt) Limited togather with Marine Services (Pvt) Limted Jointly Holds 11.18% stake in the Company. The New Board Of Directors of the Company consisting of following gentlemen, has been elected unopposed for a term of three years as Directors on the SPLC Board which was formally ratified by the shareholders in the EOGM held on November 26,2018 1. Mr. Ahsan Ullah Khan 2. Mr. Shaikh Aftab Ahmed 3. Ms. Fozia Fakhar 4. Mr. Zafar Iqbal 5. Mr. Niaz Ahmed Khan 6. Mr. Muhammad Waqar 7. Mr. Syed Najmul Hasnain Kazmi
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