June 01, 2007	Friday	Jamadi-ul-Awwal 15, 1428

KARACHI, May 31: The Meezan Bank and the Standard Chartered Bank have jointly signed a Rs2 billion Sukuk financing facility to the Sui Southern Gas Company (SSGC) to fund the company’s infrastructural development programme of Rs10 billion for the year 2006-07.

A signing ceremony was held at the head office of the SSGC and the banks’ highups were present.

The Meezan Bank and the Standard Chartered are lead advisors and arrangers to the SSGC for the Sukuk issue to finance its ongoing major capital expenditure programmes.