DIBPL closes USD76m financing for acquisition of Attock Cement

KARACHI: Dubai Islamic Bank Pakistan Limited (DIBPL) has announced the successful closure of USD 76 million financing in relation to the acquisition of a majority stake of 84.06 percent in Attock Cement Pakistan Limited by a consortium comprising Fauji Cement Company Limited and Kot Addu Power Company Limited.

The transaction represents a significant development in Pakistan’s mergers and acquisitions landscape.

DIB acted as Largest Financier, Lead Advisor, and Shariah Advisor, playing a central role in structuring and arranging the financing, as well as delivering an innovative Shariah-compliant solution with Mohsin Tayebaly & Co as transaction legal counsel.

“We are pleased to have supported this strategic acquisition through a comprehensive financing and advisory solution,” said Muhammad Ali Gulfaraz, President, DIBPL. “This transaction reflects our continued focus on enabling complex, high-impact transactions and delivering value to our clients.”

“This milestone underscores the strength of DIB’s global platform - combining financing, advisory, and Shariah structuring capabilities,” said Khadija Wajahat, Head of Investment Banking, DIBPL. “We remain committed to supporting strategic transactions that contribute to sustainable economic growth.”

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