PACRA Maintains the Stability Rating of Pak Oman Micro Finance Fund

Pak Oman Micro Finance Fund ("POMFF" or "the Fund") is categorized under a medium-risk Income Scheme, with the objective of providing investors a competitive rate of return through investments primarily in the microfinance sector, including high-quality microfinance debt securities, microfinance bank deposits, and short-term money market instruments in accordance with the authorized investment framework. The Fund offers investors exposure to the microfinance segment while seeking to balance return generation with prudent risk management. As of Mar'26, the Fund's Assets Under Management (AUM) stood at PKR 6,937mln, compared to PKR 2,136mln as of Sep'25 (the last review), reflecting a substantial increase of over three times during the review period. The notable growth in AUM demonstrates strong investor confidence in the Fund's investment strategy and its ability to generate competitive returns within its targeted asset class. In terms of asset allocation, approximately 98.99% of the portfolio was maintained in cash and cash equivalents, while the remaining 1.01% comprised other receivables. The highly liquid portfolio positioning provides considerable flexibility in managing investor redemptions and facilitates efficient deployment into eligible microfinance sector investments as opportunities arise. From a credit quality perspective, approximately 96.34% of the Fund's assets were invested in A+ rated instruments, while ~2.47% was allocated to A-rated avenues. The remaining ~1.19% represented non-rated exposures. The Fund's overall credit profile remains strong and aligned with PACRA's rating criteria, supported by its significant concentration in investment-grade counterparties operating within the regulated microfinance and banking sectors. The portfolio's credit risk remains adequately managed through exposure to quality institutions and prudent investment selection. The Fund's Weighted Average Maturity (WAM) stood at 1 day as of Mar'26, reflecting negligible interest rate and reinvestment risk owing to the highly liquid nature of the portfolio. The exceptionally short maturity profile enhances liquidity management and provides the Fund with the ability to respond swiftly to evolving market conditions and investment opportunities. In terms of performance, the Fund generated a 365-day return of 11.06% as of Mar'26, outperforming its benchmark return of 10.62%. The favorable performance reflects effective portfolio management and the Fund's ability to capitalize on opportunities within the microfinance landscape while maintaining a sound risk profile.
Going forward, any material changes in the investment policy and/or compliance with the rating criteria for the assigned rating would have an impact on the ratings.

About the Entity
Pak Oman Asset Management Company Limited was incorporated on July 28, 2006, as a public unlisted company. It is licensed by the Securities and Exchange Commission of Pakistan to carry out asset management and investment advisory services under the Non-Banking Finance Companies Regulations. The company is a majority owned subsidiary of Pak Oman Investment Company Limited (99.46%). The remaining shareholders include Oman International Development and Investment Company, SAOG (0.54%). The company’s Board of Directors comprises six members including the managing director of Pak Oman Investment Company Limited, Mr. Nauman Ansari. The board’s chairman H.H. Sayyid Juland Jaifar Salim Al-Said has over 15 years of experience at the Oman Investment Authority (OIA) (Previously known as State General Reserve Fund). The company’s diverse product slate includes nine open end funds belonging to all major categories. The AUMs of the Company stood at ~PKR 8,621mln at the end of Dec'25.