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

SCRA inflows offset Rs8.5bn net selling

SSGC posts Rs7bn profit in H1 FY24

PSX Closing Bell: The Climb Continues

Name	Price/Vol	%Chg/NChg
KSE100	148,617.78 624.60M	0.86% 1274.27
ALLSHR	91,685.08 1,340.28M	0.74% 669.39
KSE30	45,247.79 197.43M	0.83% 370.74
KMI30	212,370.79 224.51M	1.05% 2209.48
KMIALLSHR	61,227.89 711.87M	1.18% 715.56
BKTi	41,264.02 160.39M	0.54% 221.73
OGTi	30,019.10 23.63M	0.64% 190.41

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	108,265.00	113,390.00 108,020.00	-4475.00 -3.97%
BRENT CRUDE	67.46	67.94 67.29	-0.52 -0.76%
RICHARDS BAY COAL MONTHLY	88.70	88.70 88.70	-0.75 -0.84%
ROTTERDAM COAL MONTHLY	96.15	96.75 96.00	-0.40 -0.41%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	64.01	64.55 63.88	-0.59 -0.91%
SUGAR #11 WORLD	16.34	16.52 16.33	-0.14 -0.85%