Daewoo Express raises Rs2bn in first Sukuk

MG News | December 31, 2025 at 05:23 PM GMT+05:00

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December 31, 2025 (MLN): Daewoo Express Bus Services Pakistan Limited has closed its first short-term Sukuk, raising Rs2 billion.

Pak Oman Investment Company Limited acted as the joint lead financial arranger and advisor for the transaction, as announced on KTrade’s LinkedIn page.

Legal counsel was provided by Mohsin Tayabally & Company, while Al Hilal Shariah Advisors served as the Shariah advisor.

The Sukuk was rated by Pakistan Credit Rating Agency (PACRA).

The issue saw participation from institutional investors including National Investment Trust (NIT), Alfalah Investments, NBP Funds Limited, AKD Investment Management Limited, Pak Qatar Asset Management Company Limited, and 786 Investments Limited.

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