Web Desk
KARACHI: Dubai Islamic Bank Pakistan Limited (DIBPL) is pleased to announce the successful closure of USD 76M financing in relation to the acquisition of a majority stake of 84.06% in Attock Cement Pakistan Limited by a consortium comprising Fauji Cement Company Limited and Kot Addu Power Company Limited.
The transaction represents a significant development in Pakistan’s mergers and acquisitions landscape.
DIB acted as Largest Financier, Lead Advisor, and Shariah Advisor, playing a central role in structuring and arranging the financing, as well as delivering an innovative Shariah-compliant solution with Mohsin Tayebaly & Co as transaction legal counsel.
“We are pleased to have supported this strategic acquisition through a comprehensive financing and advisory solution,” said Muhammad Ali Gulfaraz, President, DIBPL. “This transaction reflects our continued focus on enabling complex, high-impact transactions and delivering value to our clients.”
“This milestone underscores the strength of DIB’s global platform – combining financing, advisory, and Shariah structuring capabilities,” said Khadija Wajahat, Head of Investment Banking, DIBPL. “We remain committed to supporting strategic transactions that contribute to sustainable economic growth.”
By leveraging its capabilities as a leading international bank in Pakistan, Dubai Islamic Bank is unlocking unique solutions for the largest conglomerates in Pakistan.
We also take this opportunity to celebrate our strong partnership with the management teams of the acquirors and their sponsors that enabled seamless coordination in executing a transaction of this complexity and scale.
This landmark transaction marks the transition of a strategic industrial asset from foreign to local ownership, supporting long-term value creation and contributing positively to the domestic economy.
