Draft:Saadi Corporation Limited

Saadi Corporation Limited also known as SaadiCorp is a financial services firm headquartered in Lahore, Pakistan. The company was founded in late 2019 by Muhammad Salman Saadi, a finance professional. SaadiCorp provides a range of financial services, including auditing, accounting and taxation to businesses of varying sizes.

SaadiCorp was founded in 2019 and quickly gained clients. When the covid-19 hit, SaadiCorp found itself at advantage through those unforeseeable circumstances as that translated into high foreign remittances and high investments in Pakistan that gave more business to the corporation. In 2022 the company reported that it had a total of 29 clients (both public and private entities) with Assets Under Management (AUM) of PKR 47 million. This grew to a total of 39 clients in 2023 with Assets Under Management (AUM) of PKR 88 million. As of now, the company reports that it has more than 40 clients and Assets Under Management (AUM) of more than PKR 100 million.

Half of the corporation's services are to public entities like Clyde and Co., Allied Bank Limited, Nexus Law Firm etc. SaadiCorp operates in four business segments: Accounting, Auditing, Taxation, Asset-Management and Consulting.

History
SaadiCorp was established in late 2019. The company was then dissolved in late 2023 and reincorporated as a public limited company. In late 2023, Naveed Khalid acquired majority shares in the company. This acquisition turned out to be very significant as this is when the company went public and started expanding to other divisions like Research and AI development.

Divisions
SaadiCorp offers a wide range of services. It has over time, expanded into a variety of divisions:

Finance
In the last quarter of the year 2023, Saadi Corp reported assets under management of more than PKR 100 million which was 37% higher than the last quarter of 2022. Saadi Corp made its clients profits of PKR 12 million in the year of 2023 which was 11% higher than 2022. SaadiCorp pays a combined PKR 20 million every year in government taxes to the Federal Board of Revenue. Assisting clients on saving more than a combined PKR 60 million every year. SaadiCorp does internal audits, statutory audits, or special purpose reviews.

Research
SaadiCorp has a Research Department that uses resources and talent to research for various technologies and development. Research at SaadiCorp has also partnered with a Hospital; Cancer Care Hospital and Research Centre to help provide with resources and a dedicated team in researching for the timely diagnoses and new and improved methods and treatment procedures for thyroid cancer.

AI
SaadiCorp is currently developing an Adaptive Investment Advisor (AIA) which is an advanced AI-driven platform designed to revolutionize the way individuals and institutions manage their investments.

Finances
For the fiscal year 2023, SaadiCorp reported an annual revenue of PKR 17.4 million, an increase of 49.3% over the previous year.[citation needed]

traded at over PKR 2.17 per share. Its market capitalization was valued at PKR 2.11 million at the end of Q1 2024.

Ownership and Leadership
As of late 2023, Naveed Khalid holds a 75% ownership stake in SaadiCorp and serves as the Chairman. Muhammad Salman Saadi, the founder, remains the CEO. Other key personnel at SaadiCorp include: Nouman Asif (Company Secretary) and Sarah Ahmed (CFO).