MTC Engaged for PKR 4 Billion Sukuk Issue of Al-karam Textile Mills (Private) Limited

Mohsin Tayebaly & Co. was engaged as transaction legal counsel with respect to the issuance of rated, privately placed, partially secured, short-term, Shariah Compliant Sukuk Certificates by Al-Karam Textile Mills (Private) Limited in the aggregate amount of PKR 4,000,000,000/- (Pak Rupees Four Billion), for which purpose Pak Oman Investment Company Limited was appointed as the Musharaka Agent and the Investment Agent.

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

MTC’s team in this matter was led by Vaseeq Khalid (Partner) and included Arsalan Abid Bachani (Associate) and Ariba Fatima (Associate).