Demutualization of KSE
Transcript of Demutualization of KSE
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Demutualization
Demutualization is the process by which a customer-
owned mutual organization or co-operative changeslegal form to a joint stock company
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Problems of Stock
ExchangesLow Quality of Many Listed Companies
Narrow Base of Investors
Minimal Share Ownership
Number of Shareholders in the country is less
than 1% of Population
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Stagnation in number of
Shareholders
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Shareholding structure
100% shares to be allotted equally among 200 existing members of KSE
40% under house account
of existing members
60% in CDCs blocked account
under KSEs participant ID, to be
operated by the Board, and later
on, to be divested in the
following manner:
Upto 40% to strategic
investor(s)
Upto 20% to general public
through offer for sale
Any remaining share to
financial institutions
DEMUTUALIZATION OF KARACHI STOCK EXCHANGE: INTRODUCTION &IMPLEMENTATION
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MethodologyMeetings with Stakeholders
Consultation through Questionnaire
Internal Meetings
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Conclusion
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