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News Thatta Cement approves US$19.5m for expansion

Thatta Cement approves US$19.5m for expansion

Written by Global Cement staff 12 September 2025
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Pakistan: Thatta Cement has approved the issuance of a US$19.5m Sukuk, a type of financial bond that complies with Sharia law, to finance the expansion of its production capacity or to acquire an operational company.

In a notice to the Pakistan Stock Exchange, the company said that the Sukuk includes a green shoe option of US$1.8m. The funds, along with internally generated resources, will be used to expand existing production capacity or acquire an operational company.

Thatta Cement said the initiative is designed to accelerate growth, diversify revenue streams, strengthen its competitive position and generate sustainable returns for shareholders.

Last modified on 16 September 2025
Published in Global Cement News
Tagged under
  • Pakistan
  • Thatta Cement
  • Expansion
  • bond
  • funding
  • Asia
  • GCW727

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