Pakistan Cables Limited has successfully completed the issuance of a rated, unsecured, and privately placed Short-Term Sukuk worth PKR 4 billion. The financing facility has been arranged to support the company’s working capital requirements and further strengthen its financial position.
The Sukuk carries a tenor of six months and has received an A-1 rating from VIS Credit Rating Agency, reflecting the strong credit quality and short-term repayment capacity of the instrument.
This successful issuance demonstrates Pakistan Cables’ continued commitment to maintaining a diversified financing structure while supporting its operational and growth objectives. The funds raised through the Sukuk will provide additional liquidity to meet the company’s ongoing business requirements and enhance financial flexibility.
Management expressed satisfaction with the successful placement, highlighting investor confidence in the company’s financial strength, market position, and long-term business strategy.
Pakistan Cables remains focused on delivering sustainable growth, operational excellence, and value creation for its stakeholders while maintaining prudent financial management practices.
