Wahdat Poultry signs Rs500m revolving financing deal with Saudi Pak

KARACHI: Wahdat Poultry Farm Limited has signed an Offer Letter with Saudi Pak Industrial and Agricultural Investment Company Limited (Saudi Pak) for a short-term revolving financing facility of Rs500 million, aimed at meeting the company’s working capital requirements.

The company disclosed the financing arrangement to the Pakistan Stock Exchange (PSX) in a letter dated September 16, 2026, stating that the facility would strengthen its working capital position and provide additional financial flexibility to support ongoing business operations and growth.

Under the terms of the facility, Saudi Pak will provide financing of up to Rs500 million through a short-term revolving arrangement. Each drawdown under the facility will have a tenor of 120 days, allowing the company to utilise the financing for its working capital requirements and repay each tranche at maturity.

The facility has a limit expiry of three years, while the markup has been set at three-month KIBOR plus 1.5 percent per annum. The company will be required to make a bullet payment of the principal upon maturity of each individual tranche.

As security for the facility, Wahdat Poultry will provide a first pari passu charge by way of hypothecation over its present and future current assets, with a 25 percent margin.

The financing arrangement is specifically intended to meet the working capital requirements of the company. Wahdat Poultry said the facility would strengthen its working capital position and provide additional financial flexibility to support its ongoing business operations and growth.

Copyright Business Recorder, 2026