Security Leasing Corporation Pursues Restructuring and Revival

Security Leasing Corporation Limited (SLCL) announced on Thursday that it is currently working to finalize an alternative agreement concerning the restructuring and revitalization of the organization.

In a notification to the Pakistan Stock Exchange (PSX), the company stated, “We are pleased to announce significant advancement in SLCL’s restructuring and recovery, as well as efforts to settle outstanding obligations with creditors.”

The announcement also mentioned that discussions with some creditors are still in progress, and the company remains positive about reaching further agreements shortly.

“The outcomes of these initiatives, along with the broader restructuring efforts, will be evident in our upcoming annual financial statements.

These encouraging changes are the result of management’s targeted strategy and are further supported by the Pakistan Stock Exchange’s continued collaboration.”

SLCL, established in 1995 with support from Merrill Lynch Pierce Fenner & Smith Inc., a major US-based equity and brokerage firm, operates as a public limited company.