PKR 2.5 Billion Syndicated Islamic Finance Facility Availed By Aspin Pharma (Private) Limited

Mohsin Tayebaly & Co. acted as transaction legal counsel with respect to the syndicated Islamic finance facility under the Islamic mode of Diminishing Musharaka in the aggregate amount of PKR 2,500,000,000/- (Pak Rupees Two Billion Five Hundred Million) availed by Aspin Pharma (Private) Limited from: (i) Dubai Islamic Bank Pakistan Limited; (ii) Al Baraka Bank Pakistan Limited; (iii) Pak Oman Investment Company Limited; (iv) Saudi Pak Industrial and Agricultural Investment Company Limited; (v) JS Bank Limited; and (vi) Bank Islami Pakistan Limited, for the purposes of which Dubai Islamic Bank Pakistan Limited has been appointed as the investment agent and as the security agent.

The Firm’s scope of work included full scope financier side advisory.

MTC’s team in this matter was led by Vaseeq Khalid (Partner) and included Kamil Tayebaly (Senior Associate), Maham Majeed (Associate) and Ali Farooqui (Associate).