Recent Development
Recently, Picic Insurance Ltd announced that Sakib Berjees along with a consortium of investors is in the process of establishing a special purpose vehicle (SPV) to be named Sakib Berjees & Consortium (Private) Limited for the acquisition of 30% stake in the Company from NIB Bank Ltd which currently holds 30% stake only in the Company.
The Sakib Berjees and Consortium already owns Car4u Private Limited which owns a website of www.car4u.com.pk and Sakib Berjees is the co Founder and CEO of the Car4u Pakistan.
Read more about this topic: Pakistan Industrial Credit And Investment Corporation
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