Symmetry Group approves Rs1.25bn investment plan
- To acquire US tech firm and invest in local AI Company
Symmetry Group Limited approved on Monday an aggregate investment plan of up to Rs1,250 million, including the acquisition of a US-based technology firm and a strategic investment in a local AI and data-driven digital company.
The company shared this in a notice to the Pakistan Stock Exchange (today).
The notice said that the approved plan is aligned with the company’s digital, media, and technology ecosystem.
“The funds will also be deployed towards scaling operational capacity, supporting execution of recently secured long-term engagements, strengthening technology infrastructure, and fulfilling working capital requirements aimed at enhanced profitability.”
It added that further details will be communicated in due course, as appropriate.
Symmetry is a digital technology and experiences company that specialises in digital products and services.
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