Faysal Bank to Issue Rs7bn Tier-II Sukuks
19-Feb-2026
MettisGlobal
February 19, 2026 (MLN): Faysal Bank Limited's (PSX:
FABL) Board of Directors has approved the issuance of Tier-II Capital in the
form of Privately Placed Shariah Compliant Sukuks worth Rs7 billion, inclusive
of a Green-Shoe option of another Rs2bn.
The sukuk issuance is subject to all regulatory approvals.
The aforementioned information was disseminated through a
notification to Exchange.
The bank will be seeking shareholders' approval for the
conversion of these sukuks into common shares in case of Point of Non-Viability
(PONV), during the upcoming Annual General Meeting scheduled to be held on
March 26, 2026.
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