Press Release

VIS Reaffirms Corporate Governance Rating of Pak Oman Investment Company Limited

Karachi, August 28, 2025: VIS Credit Rating Company Limited (VIS) has reaffirmed the Corporate Governance Rating (CGR) of Pak Oman Investment Company Limited (‘POIC’ or ‘the DFI’) at ‘CGR-9+’. Rating of ‘CGR-9+’ denotes a very high level of corporate governance. The previous rating action was announced on September 11, 2024.

The assigned rating incorporates POIC’s sound governance framework supported by a well-defined ownership structure, active board and management oversight, and adherence to regulatory requirements. The Board of Directors comprises experienced professionals nominated in accordance with the joint venture between the Government of Pakistan, represented by the Ministry of Finance (MoF), and the Sultanate of Oman, represented by the Oman Investment Authority (OIA). Four board-level committees—Audit, Risk, Executive, and Remuneration—are operational with clearly defined mandates. Attendance and participation levels remained satisfactory. All sitting members have completed the mandatory Directors Training Program; the newly joined Director will complete in due course and internal board evaluations were conducted during the review period.

Management-level functions are structured with defined roles, supported by succession planning in key areas. The risk management framework continues to evolve, with progress made in automation of risk assessment tools and the implementation of a centralized risk system. Internal audit and compliance frameworks remain adequate, with periodic reviews and structured reporting to the Board Risk and Audit Committees.

In line with ESG implementation directives issued by the State Bank of Pakistan, POIC has adopted sustainability-focused practices. These include a transition toward a paperless environment through digitization and development of systems such as the Loan Origination System (LOS) and a digital documentation platform. Overall, the DFI maintains satisfactory financial and qualitative disclosure levels.


For further information on this ratings announcement, please contact on 021-35311861-64 or email at info@vis.com.pk

Applicable Rating Criteria:

Corporate Governance Ratings
https://docs.vis.com.pk/Methodologies-2025/Corporate-Governance-Apr-25.pdf

VIS Issue/Issuer Rating Scale
https://docs.vis.com.pk/docs/VISRatingScales.pdf

Information herein was obtained from sources believed to be accurate and reliable; however, VIS Credit Rating Company Limited (VIS) does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. VIS, the analysts involved in the rating process and members of its rating committee do not have any conflict of interest relating to the rating(s)/ranking(s) mentioned in this report. VIS is paid a fee for most rating assignments. This rating/ranking is an opinion and is not a recommendation to buy or sell any securities. Copyright August 28, 2025 VIS Credit Rating Company Limited. All rights reserved. Contents may be used by news media with credit to VIS.