Acquisition Finance Facility Availed By D.G. Khan Cement Company Limited From Dubai Islamic Bank

Mohsin Tayebaly & Co. acted as Pakistani legal counsel to the Finance Parties, comprising, inter alios, Dubai Islamic Bank PJSC as the Investment Agent and Dubai Islamic Bank Pakistan Limited as the Security Agent, in relation to a foreign currency commodity Murabaha finance facility in the aggregate amount of up to USD 105,000,000/- (United States Dollars One Hundred Five Million) availed by D.G. Khan Cement Company Limited from Dubai Islamic Bank PJSC for the purposes of financing the acquisition of a 31.07% stake in Rafhan Maize Products Company Limited.

MTC is pleased to have advised the Finance Parties on this significant transaction and to have worked closely with the Dubai Islamic Bank PJSC, Dubai Islamic Bank Pakistan Limited and Hogan Lovells UAE teams in achieving its successful completion, which demonstrates our Firm’s market capabilities, and Islamic finance expertise.

We are grateful to all stakeholders for trusting us to deliver on this complex and extremely time-sensitive mandate.

MTC’s team in this matter was led by Vaseeq Khalid (Partner) and included Kamil Tayebaly (Senior Associate), Yawar Burki (Associate) and Zain Ansari (Associate).