ICL issues Rs1.5bn short-term sukuk certificates
Ittehad Chemicals Limited (PSX:ICL) has issued rated, unsecured, privately placed short-term sukuk certificates ("Sukuk-I") worth Rs 1.5bn to qualified institutional buyers (QIBs).
July 20, 2026 (MLN) : Ittehad Chemicals Limited (PSX:ICL) has issued rated, unsecured, privately placed short-term sukuk certificates ("Sukuk-I") worth Rs 1.5bn to qualified institutional buyers (QIBs). This has a tenure of up to six months from the date of drawdown, to meet the company's working capital requirements. The transaction was completed on July 20, 2026, being the issue date. The certificates were p...