ICL issues Rs1.5bn short-term sukuk certificates
MG News | July 20, 2026 at 12:24 PM GMT+05:00
July 20, 2026 (MLN): Ittehad Chemicals Limited (PSX:ICL) has issued rated, unsecured, privately placed
short-term sukuk certificates ("Sukuk-I") worth Rs 1.5bn to qualified
institutional buyers (QIBs).
This has a tenure of up to six months
from the date of drawdown, to meet the company's working capital requirements.
The transaction was completed on July
20, 2026, being the issue date.
The certificates were placed privately
with QIBs, and the funds raised are intended to support the company's ongoing
working capital needs.
The company has requested the Exchange
to inform TRE Certificate Holders of the development accordingly.
The aforementioned information was
disseminated through a notification to Exchange.
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