Maheen Rahman appointed CEO InfraZamin Pakistan
InfraZamin Pakistan’s partners have appointed Ms. Maheen Rahman as the company’s Chief Executive Officer.
However, it will be effective on January 1, 2021. She has experience of 12 years working in investment banking, research, and asset management.
PIDG has recently launched InfraZamin Pakistan for-profit credit enhancement facility GuarantCo developed.
The Company InfraCo Asia Investments and Karandaaz Pakistan will fund InfraZamin Pakistan with PKR 4.125bn (approx. USD 25m) equity capital. The United Kingdom’s Foreign, Commonwealth, and Development Office (FCDO) will provide the funding.
GuarantCo will provide a contingent capital facility of up to PKR 8.25bn (approx. USD 50m). InfraZamin plans to bridge the financial gap in the local credit markets to tap private sector participation in long-term, local currency financing of infrastructure in Pakistan.
InfraZamin will work out a plan to provide guarantees to boost the credit quality of local currency debt instruments.
Ms. Maheen Rahman said InfraZamin provided a new opportunity to develop innovative solutions for infrastructure financing in Pakistan. I am excited to lead this initiative and contribute to socially responsible infrastructure development that positively impacts communities.
Ms. Rahman assumes the role of CEO of InfraZamin Pakistan on 1 January 2021, subject to requisite approvals from the Securities & Exchange Commission of Pakistan (SECP).
Earlier, Ms. Rahman has served as the Chief Executive of Alfalah GHP Investment Management.
