ABOUT USOn September 15 2001, under the supervision of the State Bank of Pakistan (SBP), the institution then known as the Prudential Bank was acquired by the management and associates of the Saudi Pak Industrial and Agricultural Investment Company (Pvt) Ltd (SAPICO)
To underline its commitment to the enterprise, SAPICO retained the majority shareholding in the newly formed institution giving it a strong element of stability and security. The Bank is registered at the Karachi Stock Exchange (KSE) and has its Central Offices located in Karachi.
The Saudi Pak Industrial and Agricultural Investment Company (Pvt) Ltd. (SAPICO) is a joint venture between the governments of Saudi Arabia and Pakistan, and an entity with a demonstrated commitment to the development of Pakistan. SAPICO is a private limited company and Development Finance Institution (DFI) regulated by the State Bank of Pakistan that was established in 1981.
On March 31, 2008, a Consortium comprising of IFC, Bank Muscat, Nomura International and Sinthos Capital and led by senior bankers Shaukat Tarin and Sadeq Sayeed acquired an 86.55% stake in Saudi Pak Commercial Bank (SPCB) for around $213 million or $0.47 per share (PKR 29.3 equivalent per share). Under the new leadership, the bank will continue to focus on SME & Consumer financing resulting in efforts of increased profitability
Vision
To transform the bank into a leading, dynamic and premier institution
Mission
To provide customer centric products and services to our target market segments for sustained profitability.
To perpetuate value creation for all stake holders; customer, share holders, employees and public.
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