[wpseo_breadcrumb]
Subsidiaries
OLP Modaraba
OLP Modaraba “OLPM” (formerly ORIX Modaraba) is an Islamic Financial Institution listed on the Pakistan Stock Exchange. OLPM, incorporated in 1987 as First Grindlays Modaraba and controlled by ANZ Grindlays Bank which was then acquired by Standard Chartered Bank Pakistan Limited in the year 2000. With this merger, name of First Grindlays Modaraba changed to Standard Chartered Modaraba. ORIX Leasing Pakistan acquired Standard Chartered Modaraba in 2016 due to its high growth prospects and complementary fit with its existing operations in Pakistan and re-named it “ORIX Modaraba”. However, ORIX Modaraba has been renamed as OLP Modaraba as a re-branding/ re-profiling exercise carried out at the ORIX group level in order to further strengthen and improve Modaraba’s high image in the market. The Modaraba is primarily engaged in the financing of plant, machinery, equipment, vehicles and housing finance under Islamic finance structures and operates from offices in Karachi, Lahore and Islamabad.
Contact Detail:
Contact Detail:
OLP Services Pakistan (Private) Limited
OLP Services Pakistan (Private) Limited (formerly, ORIX Services Pakistan (Private) Limited) (“the Management Company”) was incorporated as a private limited company on February 25, 1987 under the then applicable Companies Act, 1913 (now Companies Act, 2017). Subsequently, it was registered as a Modaraba Company with the Registrar of Modaraba Companies and Modarabas under the Modaraba Companies and Modarabas (Floatation and Control) Ordinance, 1980. The principal activity of the Management Company is to engage in the business of floatation of Modarabas and to function as a Modaraba Company within the meaning of the Modaraba Companies and Modarabas (Floatation and Control) Ordinance, 1980.
OLP Services Pakistan (Private) Limited
OLP Services Pakistan (Private) Limited (formerly, ORIX Services Pakistan (Private) Limited) (“the Management Company”) was incorporated as a private limited company on February 25, 1987 under the then applicable Companies Act, 1913 (now Companies Act, 2017). Subsequently, it was registered as a Modaraba Company with the Registrar of Modaraba Companies and Modarabas under the Modaraba Companies and Modarabas (Floatation and Control) Ordinance, 1980. The principal activity of the Management Company is to engage in the business of floatation of Modarabas and to function as a Modaraba Company within the meaning of the Modaraba Companies and Modarabas (Floatation and Control) Ordinance, 1980.
Yanal, the first finance leasing company of its kind in the Kingdom, was incorporated on January 16, 2001 as a closed joint stock company with a mandate to provide medium term asset financing to all productive sectors of the economy with particular emphasis to serving the needs of small to medium size enterprises and thereby, assist in extending and expanding the credit delivery mechanism in the Kingdom.
Yanal operates under commercial registration No. 1010163957 issued in Riyadh on 21 Shawal, 1421 H (corresponding to 16 January 2001), issued by the Ministry of Commerce and Industry and Finance company license number 7/A Sh/201403 dated 27/04/1435H (corresponding to 27 February 2014) issued by Saudi Arabian Monetary Authority (“SAMA”), through its five branches (2015: five branches) in the Kingdom of Saudi Arabia.
OLP’s second overseas joint venture leasing company is SAMAA Finance SAE (formerly, ORIX Leasing Egypt SAE). The company is a joint venture between ORIX Corporation, Japan, OLP Financial Services Pakistan Limited (formerly, ORIX Leasing Pakistan Limited), International Finance Corporation, National Bank of Egypt and Commercial International Investment Company. SAMAA Finance started operation in November 1997 with a paid up capital of 20 million Egyptian Pounds (Pak Rs. 300 million) and has established a good business base. The ORIX Group provides technical and managerial support to SAMAA Finance.
The company continues to focus on the needs of small and medium-sized business, which enables it to diversify risk and earn good spreads.
Let’s Connect
Here to Serve you
Lorem ipsum dolor sit amet consectetur ipsum adipiscing elit sed do eiusmod adipiscing elit sed do eiusmod.
