UBL arranges short-term, rated, unsecured Sukuk of Rs25bn for Engro Fertilizers

United Bank Limited (UBL), acting as Mandated Lead Advisor and Arranger, has successfully arranged Pakistan’s largest short-term, rated, unsecured, privately placed Sukuk, raising Rs 25 billion for Engro Fertilizers Limited. The landmark transaction represents another significant milestone in Pakistan’s Islamic capital markets and reinforces UBL’s position as a leading arranger of innovative Shariah-compliant financing solutions for the country’s corporate sector. Following the successful closure of one of the largest private-sector Islamic financing transactions in Pakistan for the Engro Group’s Deodar acquisition, UBL once again partnered with the Group to deliver a market-leading Islamic financing solution. To commemorate the successful completion of the Sukuk issuance, a ceremony was held at the Engro office, attended by representatives of Engro Group and United Bank Limited.