Ahmed & Qazi is pleased to announce that it is acting as transaction legal counsel to the arrangers, guarantor, agents and sukuk-investors in Pakistan’s ๐๐ข๐ซ๐ฌ๐ญ-๐๐ฏ๐๐ซ ๐ญ๐๐ฅ๐๐๐จ๐ฆ ๐ ๐ซ๐๐๐ง ๐ฌ๐ฎ๐ค๐ฎ๐ค, being issued by Infralectric (Private) Limited and guaranteed by InfraZamin Pakistan.
This groundbreaking sukuk is designed to finance the roll-out of low-carbon, hashtag#AI-enabled solar energy solutions for thousands of hashtag#telecom towers across the country.
Constituting the 3rd green sukuk of Pakistan, and the first green sukuk in the telecom sector, this will be a landmark achievement for green and hashtag#climate finance in the country.
Furthermore, this deal unlocks a scalable and sustainable financing model to modernize telecom towers with low-carbon, AI-enabled technologies, thereby pushing the envelope in the upgradation of Pakistan’s digital infrastructure, and the long-term decarbonization of the country.
Maheen Rahman, CEO of InfraZamin Pakistan: โInfralectric are a prime candidate for the Sukuk market. We are keen to explore mechanisms to enable an Infralectric Green Sukuk, which would mark a pivotal step in unlocking sustainable finance for Pakistanโs telecom sector”.
Bilal Qureshi, CEO of Infralectric: “Today is a historic moment for Pakistanโs digital and energy future”.
Arab News: https://lnkd.in/dsb__dhH
Business Recorder: https://lnkd.in/dDUu9S_R
A&Q team representing the sukuk investors and agents is being led by Nazif Ahmed (Head – Corporate), and the team representing the guarantor is led by Altan Ahmed (Managing Associate), who are each assisted by separate groups of associates at the firm.
