Matco Foods secures Rs2.5bn Sukuk funding
MG News | February 27, 2026 at 12:55 PM GMT+05:00
February 27, 2026 (MLN): Matco Foods Limited (PSX:MFL) has successfully issued rated, secured, and privately placed short-term Sukuk certificates amounting to Rs2.5bn.
The Sukuk carries a tenor of six months and has been priced
at 6-month KIBOR plus 1.00%.
The issuance has been rated A-1 by VIS Credit Rating Company
Limited (VIS).
The proceeds from the Sukuk have been utilized to meet the
working capital requirements of the Company, ,according to the company's statement
issued today.
The successful completion of this Sukuk issuance strengthens
the Company's liquidity position and shows the confidence of institutional
investors in Matco Foods Limited's financial strength and governance framework.
The issuance further demonstrates the Company's continued
focus on diversifying its funding mix through Shariah-compliant financing
instruments, in line with its long-term strategy.
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