Setting Up Sugar Mill: Banks provide financing facility
A signing ceremony was held recently in Karachi to mark the financial close
KARACHI:
Omni Group of Companies has got financing from a consortium of banks and financial institutions for establishing a sugar mill which will be able to crush 9,000 tons of sugarcane per day, says a press release. A signing ceremony was held recently in Karachi to mark the financial close of the syndicated finance facility for establishing the mill at Tando Allahyar, Sindh. Located in a prime sugarcane area, the project attracted investor interest to the tune of Rs2.55 billion as debt against equity of Rs1.09 billion, which has been injected by the Omni Group of Companies. The consortium which provided the financing facility included Habib Bank, Faysal Bank, United Bank, National Bank, Pak Brunei Investment Company, Sindh Bank, Summit Bank and Pak Libya Holding Company.
Published in The Express Tribune, June 18th, 2011.
COMMENTS
Comments are moderated and generally will be posted if they are on-topic and not abusive.
For more information, please see our Comments FAQ