- July 21, 2026
- Posted by: Tresmark
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Ittehad Chemicals Limited has successfully raised PKR 1.5 billion through the issuance of rated, unsecured, privately placed short-term Sukuk certificates to qualified institutional buyers (QIBs), according to a notice submitted to the Pakistan Stock Exchange (PSX).
The company said the Sukuk-I has a tenure of up to six months from the date of drawdown and was issued to meet its working capital requirements.
The transaction was completed on July 20, 2026, which also served as the issue date of the Sukuk.
The company informed the PSX that the proceeds will be utilized to support its short term funding needs and requested the exchange to notify TRE Certificate Holders of the issuance.
