Islamabad, Feb 14: Cordoba Logistics & Ventures Limited (PSX: CLVL) announced on Friday that the Securities and Exchange Commission of Pakistan (SECP) has granted the company permission to establish a Non-Banking Finance Company (NBFC) under the name Cordoba PE Management Limited. This new venture will focus on providing Private Equity and Venture Capital Fund Management Services, in compliance with the regulatory requirements specified in the Permission Order and relevant laws.
The announcement, made in a notice to the Pakistan Stock Exchange (PSX), marks a significant step for CLVL as it diversifies its operations into the financial sector. The company, originally incorporated on December 1, 1986, as a Public Limited Company under the Companies Ordinance, 1984, has long been involved in logistics and various other ventures. This new initiative reflects CLVL’s strategy to expand its portfolio and tap into the growing demand for private equity and venture capital services in Pakistan.
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By entering the financial services space, CLVL is positioning itself to play a key role in supporting entrepreneurial growth and development in the country. The formation of Cordoba PE Management Limited will enable the company to offer specialized fund management services to investors looking to participate in private equity and venture capital opportunities.
With the SECP’s approval, CLVL is now set to move forward with its plans, subject to adhering to all necessary legal and regulatory frameworks. This development is expected to enhance CLVL’s growth prospects and contribute to the broader financial ecosystem in Pakistan.
