Press Release

JCR-VIS places ratings of Saudi Pak Commercial Bank Limited on ‘Rating Watch – Developing’

Karachi, July 26, 2007: JCR-VIS Credit Rating Company Limited has placed the entity ratings of ‘BBB+/A-3’ (Triple B Plus/A-Three) assigned to Saudi Pak Commercial Bank Limited under ‘Rating Watch – Developing’ status in view of the decision taken by the major shareholders of the bank, Saudi Pak Industrial & Agricultural Investment Company Limited, to sell their shareholding. Investors will be notified of further developments on this front.

For further information on this rating announcement, please contact Mr. Safdar Kazi or Ms. Sabeen Saleem at 5311861-70 or fax to 5311873.




Faheem Ahmad
President & CEO

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