ISLAMABAD: Daewoo Pakistan Express Bus Service LTD has successfully closed its first short-term Sukuk issuance of PKR 2.0 billion, marking a significant milestone in Pakistan’s capital markets. The transaction was completed with the support of key financial, legal, and Shariah advisory partners, ensuring a timely and smooth execution.
Pak Oman Investment Company Ltd served as the Joint Lead Financial Arranger and Advisor, while Mohsin Tayebaly & Co. acted as Transaction Legal Counsel. The transaction’s Shariah compliance was overseen by Al-Hilal Shariah Advisors (Pvt.) Ltd., and the Pakistan Credit Rating Agency Limited (PACRA) provided the necessary credit rating support.
A special acknowledgment was extended to the company’s investors, including National Investment Trust Limited, Alfalah Investments, NBP Fund Management Limited, AKD Investment Management Limited, Pak-Qatar Asset Management Company Limited, and 786 Investments Limited, for their trust and participation in the Sukuk issuance.
The deal was further supported by the efforts of key individuals including Ali Farid Khwaja, Mahmood Ali Shah Bukhari, Omar Salah Ahmed, Naveed Vakil, Sheikh Zia Ur Rehman, Syed Fawad Basir, Danish Deedar Ali, Syed Mustafa Kamal, Muhammad Umar, and Zain Mevawalla, whose collaboration contributed to the successful closure.
This Sukuk issuance reinforces Pakistan’s growing Islamic finance market and provides Daewoo Pakistan Express Bus Service LTD with short-term liquidity to support its operations and future growth initiatives.
The transaction demonstrates investor confidence in corporate Shariah-compliant financing in Pakistan and highlights the increasing role of Sukuk as a key instrument in the country’s capital market development.
Follow the PakBanker Whatsapp Channel for updates across Pakistan’s banking ecosystem.