Daewoo Express raises Rs4bn in third Sukuk
Daewoo Pakistan Express Bus Services Limited, one of the country’s leading inter-city transport service providers, has successfully raised Rs4 billion through the issuance of its third short-term Sukuk, with the Shariah-compliant offering drawing subscriptions worth 2.24 times the amount on offer. “We are proud to announce Pak Oman’s continued role in supporting Daewoo Pakistan Express Bus Services Limited with the successful issuance of its PKR 4 billion Short-Term Sukuk – Issue 3,” said Pak Oman Investment Company Ltd in a post on a social media platform on Thursday.