Ahmed & Qazi

PKR 1b syndicated Islamic sugar finance closed

Today, with A&Q as legal counsel, a syndicate of banks successfully closed a PKR 1 billion Islamic term facility to a leading sugar company to fund its capital requirements during the 2023-24 sugar crushing season.

The facility was extended on a diminishing musharaka SLB shariah structure.

A&Q team was led by Nazif Ahmed (Head — Corporate) and Altan Ahmed (Senior Associate).