Today, representing Sindh Bank, A&Q has successfully completed the restructuring of PKR 3.5 billion liabilities of three Omni Group companies, namely Chambar Sugar Mills, Larr Sugar Mills and New Thatta Sugar Mills. The restructured facilities had been extended to these companies as part of a GOS Scheme for the Revival of...
Today, representing Sindh Bank, A&Q has successfully completed the restructuring of PKR 4 billion liabilities of two Omni Group companies, namely Chambar Sugar Mills and Larr Sugar Mills. The restructured liabilities arose from 15 facilities which included long-term, cash finance and lease finance facilities. The deal required a number of complex...
Fauji Fertilizer (FFC) has successfully completed the purchase of National Bank of Pakistan's stake in Agritech Limited, which includes:(A) 106,014,633 ordinary voting shares,(B) 61,748,756 convertible, redeemable, cumulative, preference shares, and(C) 248,639,905 non-convertible, redeemable, cumulative, preference shares.Ahmed & Qazi represented National Bank of Pakistan in this deal, providing...
Ahmed & Qazi has been engaged by National Bank of Pakistan for the sale of its holdings in Agritech Limited, a public limited company that is listed on the Pakistan Stock Exchange. NBP is the largest shareholder of Agritech. 🏭 Agritech Limited is one of Pakistan's leading fertilizer...
Thrilled to announce that after a competitive public procurement process, Ahmed & Qazi has been selected by the Ministry of Finance, Government of Pakistan, as its legal counsel under Pakistani law for a Panda Bond issue aiming to raise a significant US$300 million from the Chinese capital markets —...
Today, FINCA Microfinance Coöperatief U.A. (FINCA Coöp), a Netherlands-based subsidiary of FINCA Microfinance Holding Company LLC and part of the FINCA Impact Finance global network, has entered a share purchase agreement and ancillary agreements with a consortium comprising TPL Corp Limited and Abhi (YC S21) (Private) Limited,...
Since March, Ahmed & Qazi has been representing PIA Holding Company Limited as borrower’s counsel in its PKR 268 billion debt restructuring with over 20 banks and financial institutions. The debt includes: (A) PKR-denominated conventional facilities, Islamic facilities and sukuk issue(s), and (B) USD-denominated term facilities. A&Q team is...
Ahmed & Qazi has represented Mirpurkhas Sugar Mills Limited in its listed rights issuance of 20,000,000 ordinary shares at a premium price of PKR 25/- per share, aggregating to an issue size of PKR 500 million. A Ghulam Faruque Group company, Mirpurkhas operates one of the most efficient...
Ahmed & Qazi has represented UBL - United Bank Limited in the acquisition of a 14,092 square yards commercial plot in Naya Nazimabad for the purpose of constructing towers for its offices. The property was acquired from a developmental REIT (Real Estate Investment Trust) scheme. After months of...
Today, after a detailed hearing of around three hours, the Customs Court acquitted the five-member South African family that was arrested earlier this month for allegedly attempting to smuggle 9.6 kgs of gold from Pakistan. The acquittal applications for all accused were argued by Saim Hashmi (Advocate Supreme Court) with...