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.

Copyright Mettis Link News

Related News

Weekly Market Roundup

PSX Closing Bell: The Tide Turns Red

Mari D&PL well hits gas flow

Name	Price/Vol	%Chg/NChg
KSE100	152,740.38 147.44M	-1.01% -1551.88
ALLSHR	91,858.47 324.25M	-0.86% -800.10
KSE30	46,223.61 86.89M	-1.45% -681.25
KMI30	219,130.92 66.08M	-1.15% -2553.50
KMIALLSHR	59,625.28 139.61M	-0.93% -562.17
BKTi	42,104.46 39.09M	-2.02% -866.56
OGTi	32,077.87 10.13M	-1.27% -414.19

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	70,155.00	0.00 0.00	-65.00 -0.09%
BRENT CRUDE	109.55	113.11 105.05	0.90 0.83%
RICHARDS BAY COAL MONTHLY	99.40	0.00 0.00	-12.60 -11.25%
ROTTERDAM COAL MONTHLY	123.30	0.00 0.00	0.00 0.00%
USD RBD PALM OLEIN	1,083.50	1,083.50 1,083.50	0.00 0.00%
CRUDE OIL - WTI	98.09	0.00 0.00	-0.14 -0.14%
SUGAR #11 WORLD	15.63	15.72 15.27	0.26 1.69%