The company was incorporated on 12 June 2007. The company had obtained certificate of commencement of business from the Securities and Exchange commission of Pakistan during the year on September 15, 2008. A novation agreement was entered into by the National Commodity Exchange Limited (Currently Pakistan Mercantile Exchange Limited) (the Exchange) , Aqeel Karim Dhedhi Securities (Pvt) Ltd, NCEL Building Management Limited and the representative of members effecting the transfer of all rights, title and interests in the Property, Sale agreement and any ancillary and related document there to (collectively “Property Rights”) from the Exchange to the company with effect from November 30, 2007.
