Pakistan Mercantile Exchange Limited (PMEX) has acquired a majority shareholding in Naymat Collateral Management Company Limited (NCMCL) , making the company a subsidiary of the exchange. The acquisition, approved by PMEX’s Board of Directors and cleared by the Securities and Exchange Commission of Pakistan (SECP), marks a strategic move to expand physically settled commodity trading in the country.
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NCMCL provides specialized collateral management and warehousing services used in commodity trading, particularly for agricultural products. By integrating these capabilities, PMEX aims to create a seamless ecosystem for trading commodities that require physical delivery.
| Acquisition Detail | Information |
|---|---|
| Acquirer | Pakistan Mercantile Exchange Limited (PMEX) |
| Target | Naymat Collateral Management Company Limited (NCMCL) |
| Stake Acquired | Majority (controlling) shareholding |
| Status | Subsidiary of PMEX |
| Regulatory Clearance | Securities and Exchange Commission of Pakistan (SECP) |
| Announcement Date | May 11, 2026 |
Strategic Rationale
The acquisition comes as PMEX prepares to expand trading in physically deliverable agricultural commodities. The exchange has already listed key commodities such as wheat, rice, sugar, and maize for trading within its regulated market framework. With NCMCL now under its umbrella, PMEX can offer integrated storage and collateral management services essential for ensuring the integrity and efficiency of physical commodity settlements.
PMEX stated that the move is aimed at strengthening the storage and collateral systems required for commodity transactions linked to physical delivery of goods, thereby reducing counterparty risk and enhancing market transparency.
About Naymat Collateral Management Company Limited
Naymat Collateral Management Company Limited (NCMCL) provides professional collateral management and warehousing solutions, specializing in agricultural commodities. Its services include verification, storage, and release of goods, as well as monitoring of pledged stocks.
About Pakistan Mercantile Exchange Limited
Pakistan Mercantile Exchange Limited (PMEX) is the country’s only commodity futures exchange, offering a regulated platform for trading in precious metals, energy, and agricultural commodities. PMEX is committed to developing transparent, efficient, and secure commodity markets that support economic growth and financial inclusion.
