UBL and Meezan Bank Lead Pakistan's Largest Private Sector Islamic Financing of Rs 133 Billion!
United Bank Limited (UBL) has successfully led Pakistan's largest private sector syndicated Islamic financing deal of Rs 133 billion, acting as the Mandated Lead Advisor and Arranger. This significant financing was provided to Deodar (Private) Limited and Engro Connect (Private) Limited to facilitate the acquisition of Deodar by the Engro Group from Pakistan Mobile Communications Limited (PMCL).
The acquisition of 10,617 cellular towers has made Deodar the largest independent TowerCo in Pakistan. This financing will also support working capital requirements post-acquisition. The financing deal was closed with a ceremony attended by key figures such as Jameel Ahmad, Governor of the State Bank of Pakistan, and Muhammad Jawaid Iqbal, President & CEO of UBL.
Impact on PSX & Mutual Fund Investors:
For PSX investors, this successful financing signals a robust partnership between leading financial institutions like UBL, Meezan Bank, and the Engro Group. The deal strengthens Pakistan’s infrastructure, particularly in telecommunications, and may generate long-term returns for investors. Mutual fund managers and investors should monitor the potential growth of Deodar and its role as the largest independent tower company in Pakistan, as this could positively impact the stock performance of the involved entities.
یونائیٹڈ بینک لمیٹڈ (UBL) نے پاکستان کی سب سے بڑی پرائیویٹ سیکٹر اسالمی فنانسنگ ڈیل کی قیادت کی ہے
جس کا حجم133ارب روپےہے۔ یہ فنانسنگانگرو گروپکے ساتھدیودرکی خریداری کے لیے فراہم کی گئی،
جس کے نتیجے میں دیودر پاکستان کا سب سے بڑا آزاد ٹاور کمپنی بن گیا ہے۔
#PSX #UBL #MeezanBank #IslamicFinance #SyndicatedFinancing #PakistanStockExchange #Engro #Deodar #TelecomInfrastructure #MutualFunds #InvestmentOpportunities #PakistanEconomy