Sturgeon Capital, a UK based asset manager specializing in frontier markets has signed a partnership agreement with Khadim Ali Shah Bukhari Securities for investment in Pakistan. Under the agreement, Khadim Ali Shah Bukhari Securities will provide Sturgeon Capital advisory services such as research on Pakistan's macro-economic outlook, financial analysis and due diligence on companies, corporate access and domestic execution within a best execution framework.
Sturgeon has also agreed to subscribe to the current common equity offering of Khadim Ali Shah Bukhari Securities Private Limited to strengthen the relationship and participate in the long-term growth opportunities in Pakistan.
Khadim Ali Shah Bukhari Securities is a TREC holder of the Pakistan Stock Exchange and provides services for investing in companies listed on the PSX. "We are delighted to assist the team of Sturgeon Capital in finding attractive investment opportunities in Pakistan, said Ali Farid Khwaja, Managing Director of Khadim Ali Shah Bukhari Securities.
The investment by Sturgeon is another milestone for our development as an institution which can connect global capital to Pakistan. We are convinced that KASB's independent and rigorous research, global sales coverage, efficient and trusted execution will succeed in putting Pakistan on the radar of global investors. We believe that KASB is the right partner to invest in Pakistan, a country that has been overlooked in the past but whose potential is second to none", said Kiyan Zandiyeh, CEO of Sturgeon Capital.-PR