Masood Textile to raise Rs3bn via Sukuk

News Image

MG News | July 15, 2024 at 03:07 PM GMT+05:00

0:00

July 15, 2024 (MLN): The board of directors of Masood Textile Mills Limited (PSX: MSOT) has authorized the company to raise Rs3 billion through a Sukuk issue to meet its working capital requirements.

This includes a green shoe option of Rs1bn, said a notice issued by the company on Monday.

The company will enter into agreements for the private placement of the Sukuk issue with participants/lenders/investors/QIBs, and other financial institutions, and will create, procure, and furnish securities to secure the payment obligations of the company.

Masood Textile Mills Limited's main line of business includes the manufacturing and sale of cotton/synthetic fiber yarn, knitted/dyed fabrics, and garments.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 133,782.35
325.79M
0.91%
1205.36
ALLSHR 83,615.82
940.14M
0.76%
632.14
KSE30 40,681.77
65.23M
0.80%
322.98
KMI30 191,640.88
61.56M
0.48%
913.56
KMIALLSHR 55,891.51
405.64M
0.35%
193.03
BKTi 36,988.68
20.05M
2.06%
746.62
OGTi 28,181.50
5.52M
-0.50%
-141.92
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 111,230.00 112,170.00
111,190.00
-1015.00
-0.90%
BRENT CRUDE 69.66 70.48
69.35
-0.53
-0.76%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
1.00
1.04%
ROTTERDAM COAL MONTHLY 109.00 110.00
109.00
1.25
1.16%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 67.78 68.65
67.42
-0.60
-0.88%
SUGAR #11 WORLD 16.39 16.56
16.27
-0.17
-1.03%

Chart of the Day


Latest News
July 10, 2025 at 05:14 PM GMT+05:00

Car sales rise 64% in June 2025


July 10, 2025 at 05:01 PM GMT+05:00

Gold price in Pakistan rises Rs3,200 per tola


July 10, 2025 at 04:33 PM GMT+05:00

PSX Closing Bell: El Toro


July 10, 2025 at 04:33 PM GMT+05:00

PKR weakens by 10 paisa against USD



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg