September 22, 2023

Pakistan (Muhammad Yasir)

Arif Habib Dolmen REIT Administration Restricted (AHDRML) has entered into an outsourcing affiliation with ITMinds Restricted (ITMinds), a completely owned subsidiary of Central Depository Agency of Pakistan Restricted (CDCPL), whereby ITMinds will current Once more Office Accounting Corporations to AHDRML. The settlement was signed by Mr. Muhammad Ejaz CEO-AHDRML with Mr. Iqleem-uz-Zaman Khan CEO-ITMinds inside the presence of Mr. Badiuddin Akber Director-ITMinds & CEO-CDCPL, Mr. Waqas Ashraf CFO- ITMinds, Mr. Razi CFO-AHDRML and completely different senior members of every the Corporations.

By means of this affiliation, ITMinds will facilitate AHDRML in concentrating on their core enterprise actions, i.e. managing various REITs, by relieving them from diverse non-core once more office capabilities like accounting firms, settlement of portfolios, facilitation for compliance/ reporting, Information Security Administration, Enterprise Continuity and IT preparations.

Commenting on the occasion, Mr. Muhammad Ejaz, CEO-AHDRML, said that this affiliation will enable AHDRML to concentrate on its core enterprise of managing diverse types of REITs whereas outsourcing the once more office capabilities to educated Fund Administrator. Moreover commenting on the occasion, Mr. Badiuddin Akber, Director ITMinds & CEO-CDCPL, said that the thought of outsourcing non-core essential enterprise actions has confirmed to be surroundings pleasant and cost-effective in as we communicate’s enterprise world. Due to this fact, we have commissioned ITMinds with this intention to permit REIT Administration Corporations (RMCs) and completely different organizations to outsource their once more office capabilities to a dependable and reliable BPO affiliate, thus facilitating them to strengthen the primary focus of their administration on their essential enterprise actions which can be integral to their industrial success whereas reaching effectivity, scalability & transparency of processes.