MTC Advises On Shariah Compliant Sukuk Certificates

The Firm was engaged as transaction legal counsel for the issuance of series of rated, privately placed and unsecured, Shariah Compliant Sukuk Certificates under the Islamic mode of Shirkat-Ul-Aqd by K Electric Limited in the aggregate face value of up to PKR 53,500,000,000/- (Pak Rupees Fifty Three Billion Five Hundred Million).

The Firm’s scope of work included full scope lender side advisory. MTC’s team included Vaseeq Khalid, Partner, Ifrah Arshad, Associate, and Naqiyya Hakim, Associate.