Ahmed & Qazi is pleased to announce that it has successfully closed a PKR 2 billion hashtag#Islamic debt finance facility extended by a syndicate of four banks & financial institutions to a leading Sindh-based hashtag#sugar conglomerate for the purpose of 🏭🏭 Balancing, Modernization & Replacement.
💹📈 Initially amounting to PKR 1.5 billion, the facility contained a multi-accordion feature, which was successfully opened twice to weave further lenders into the primary facility structure.
The first opening raised the facility cap by PKR 350 million, and the second opening raised the cap by PKR 150 million, leading to a final facility size of PKR 2 billion.
A&Q team was led by Nazif Ahmed (Head — Corporate) and Altan Ahmed (Managing Associate).
