PKR 6 Billion Sukuk Issue Of Mahmood Textile Mills Limited

Mohsin Tayebaly & Co. acted as transaction legal counsel with respect to the third issuance of rated, privately placed, secured, short-term, Shariah Compliant Sukuk Certificates by Mahmood Textile Mills Limited in the aggregate amount of PKR 6,000,000,000/- (Pak Rupees Six Billion), for which purpose Pak Oman Investment Company Limited was appointed as the Musharaka Agent and the Investment Agent, Al-Hilal Shariah Advisors (Private) Limited acted as the Shariah Advisor and Askari Bank Limited was the Mandated Lead Advisor & Arranger.

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 Kamil Tayebaly (Senior Associate), Arsalan Abid Bachani (Associate) and Zayynah Rushna Fasil (Associate).