Zarea Limited (PSX: ZAL) has successfully raised Rs1 billion through a Sukuk issuance, tapping Pakistan’s Islamic capital market to secure Shariah-compliant funding, according to a filing submitted to the Pakistan Stock Exchange.
The Sukuk marks an important funding milestone for the agri-tech company, which operates a digital platform connecting farmers, manufacturers, and retailers across Pakistan’s agricultural supply chain.
The company has not disclosed details regarding the Sukuk’s tenor, profit rate, or utilisation of proceeds. However, it confirmed that the issuance was structured in accordance with Shariah principles and relevant regulatory requirements.
The Sukuk has been assigned a credit rating of A-1 by the Pakistan Credit Rating Agency Limited, reflecting Zarea’s strong credit profile and sound governance framework.
The successful issuance is expected to strengthen the company’s liquidity position and balance sheet, contributing positively to its profitability and overall financial performance.
The Sukuk was fully subscribed by institutional investors, indicating strong market confidence in the company’s financial strength, operational performance, and long-term growth prospects.
The issuance also highlights Zarea’s commitment to diversifying its funding sources through Shariah-compliant financing instruments.
Zarea Limited is headquartered at the National Aerospace Science & Technology Park in Lahore and focuses on improving efficiency and transparency within the agricultural value chain through technology-driven solutions.
The company continues to expand its presence as digital adoption in agri-commerce accelerates across the country.