Governance & Compliance

128 Securities operates with full transparency and rigorous corporate governance standards under the regulatory framework of the Securities and Exchange Commission of Pakistan (SECP) and the Pakistan Stock Exchange (PSX).

Board of Directors

Mr. Syed Sajjad Ali Zaidi

A graduate of the University of the Punjab with 18 years of Pakistan Stock Exchange experience. Mr. Zaidi manages portfolios for high-net-worth clients, spearheaded the firm's online trading initiatives, and oversees risk management strategies across the firm's equity positions.

Mr. Syed Kaleem Haider Zaidi

Holds a Bachelor of Engineering from N.E.D. University, Karachi. Prior to capital markets, Mr. Zaidi worked in the fertilizer, steel, and customs sectors before bringing his analytical acumen to equity brokerage. He has over 30 years of capital markets experience and has been active in real estate development since 2014.

Mr. Muhammad Shehzad Haider Zaidi

A finance professional with 14+ years of experience in accounting, financial reporting, taxation, and auditing. Mr. Zaidi specialises in investment memorandums, client relationship development, due diligence processes, and institutional product recommendations. He also serves as the firm's designated Complaints Officer.

Sponsor's Details & Shareholding Pattern

Total issued share capital of 128 Securities (Private) Limited: 692,740 shares.

CategoryNameShares HeldPercentage
Director (Sponsor)Mr. Syed Sajjad Ali Zaidi318,66046.00%
Director (Sponsor)Mr. Syed Kaleem Haider Zaidi339,44349.00%
Director (Sponsor)Mr. Muhammad Shehzad Haider Zaidi34,6375.00%
Total692,740100%

Audit Committee

The Audit Committee oversees financial reporting integrity, internal controls, and compliance with all applicable SECP regulations and accounting standards.

No.Member NameDesignation
1Mr. Muhammad Shehzad Haider ZaidiDirector
2Mr. Syed Nadeem Hasan ZaidiChief Executive Officer

Statutory & NCB Auditors

IECnet S.K.S.S.S.

Chartered Accountants

11 – Happy Homes, 38/A, Main Gulberg

Salman Ahmed Road, Main Gulberg

Lahore, Pakistan

92-42-35776691-4
ICAP QCR Rated SBP Category 'B'Annual Financial Statements

IECnet S.K.S.S.S.

Chartered Accountants

11 – Happy Homes, 38/A, Main Gulberg

Salman Ahmed Road, Main Gulberg

Lahore, Pakistan

92-42-35776691-4
ICAP QCR Rated SBP Category 'B'Net Capital Balance Certificates
SECP Broker Reg. No. 62·PSX TREC Holder — Broker ID: 328·Company Inc. No. 0056505

All governance information is maintained in accordance with SECP requirements.