MTC Engaged For Pkr 8 Billion Sukuk Issue Of Ismail Industries Limited

Mohsin Tayebaly & Co. was engaged as transaction legal counsel with respect to the fifth issuance of rated, privately placed, unsecured, short-term, Shariah Compliant Sukuk Certificates by Ismail Industries Limited in the aggregate amount of PKR 8,000,000,000/- (Pak Rupees Eight Billion), for which purpose Pak Oman Investment Company Limited was appointed as the Investment Agent and the Issue Agent, Meezan Bank Limited acted as the Shariah Advisor and Askari Bank Limited and Ismail Iqbal Securities (Private) Limited were the Mandated Lead Advisors & Arrangers.

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).