GCIL secures Rs800m Sukuk for new projects

MG News | February 22, 2024 at 12:27 PM GMT+05:00

0:00

February 22, 2024 (MLN): Ghani Chemical Industries Limited (PSX: GCIL) has received financing in form of privately placed and secured long term Islamic certificate (Sukuk) amounting to Rs800 million, the company informed through a notice sent to the local bourse roday.

The said loan is for a period of six years including two years as grace period.

Funds from the Sukuk is being utilized for capital expenditure requirements of new projects being established at Hattar Special Economic Zone.

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