Ahmed & Qazi has been engaged as the joint financial advisors’ (JFAs’) legal counsel for a PKR 20 billion listed hashtag#green sukuk issue by the Ministry of Finance, Government of Pakistan, to finance hashtag#sustainable ♻️ development projects.Once issued, this will mark the first ever sovereign green...
Last week, our client, FINCA Microfinance Coöperatief UA (FINCA Coöp), a Netherlands-based subsidiary of FINCA Microfinance Holding Company LLC and part of the FINCA Impact Finance global network, divested all of its shares in FINCA Microfinance Bank Ltd, Pakistan to TPL Corp and Abhi (YC...
Ahmed & Qazi is pleased to announce that it has successfully completed the development of Pakistan’s first ever legally compliant asset fractionalization, on behalf of Arif Habib Dolmen REIT Management Limited.The fractionalized assets will comprise real-world real estate 🏢🏢, primarily residential units in towers & high-rises.After 6 months...
Ahmed & Qazi is pleased to announce that it has successfully closed a PKR 1.4 billion shariah-compliant hashtag#Istisna debt finance facility extended by a syndicate of banks and financial institutions to a hashtag#sugar mill in Sargodha.The facility was designed as a revolving limit, with each principal repayment...
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...
Ahmed & Qazi acted as transaction legal counsel to InfraZamin Pakistan and HABIBMETRO Bank in a PKR 800 million structured trade facility provided to Jaffer Business Systems for the purpose of funding IT infrastructure in Pakistan.The facility will be disbursed by HABIBMETRO, and will be...
Ahmed & Qazi is pleased to announce that it has acted as transaction legal counsel in the issue of PKR 138.19 billion listed sukuk certificates by way of public offering on the Pakistan Stock Exchange by the Ministry of Finance, Government of Pakistan.Based on an ijarah structure,...
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...