HUBCO via its subsidiary issues Islamic Shariah Compliant discounted Sukuk of Rs.6 bln

By MG News | November 13, 2020 at 10:44 AM GMT+05:00

0:00

November 13, 2020 (MLN): The Hub Power Company Limited through its wholly owned subsidiary, Hub Power Holdings Limited, has executed and issued an Islamic Shariah compliant discounted Sukuk of Rs. 6,000 Million.

This Sukuk is partnered with Arif Habib Limited as its Arranger, Meezan Bank Limited as Shariah Advisor and is subscribed by financial institutions, investment companies and other eligible institutions.

According to the notice issued by the company to PSX, the purpose of this Sukuk is to finance the ongoing capital requirements of the company.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	130,686.66 280.01M	0.26% 342.63
ALLSHR	81,305.25 897.01M	0.35% 281.26
KSE30	39,945.45 114.02M	0.09% 37.19
KMI30	190,698.05 148.61M	0.61% 1163.05
KMIALLSHR	55,074.15 495.43M	0.53% 290.50
BKTi	34,568.40 28.73M	-1.07% -372.33
OGTi	28,739.35 22.59M	1.57% 443.29

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	110,275.00	110,965.00 109,200.00	-10.00 -0.01%
BRENT CRUDE	69.04	69.06 68.32	-0.07 -0.10%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	-0.75 -0.76%
ROTTERDAM COAL MONTHLY	109.15	109.80 109.15	0.15 0.14%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	67.39	67.50 66.65	-0.06 -0.09%
SUGAR #11 WORLD	16.03	16.09 15.44	0.45 2.89%