Thatta Cement Company Limited (THCCL) has approved the issuance of a Rs. 5.5 billion Sukuk, including a Rs. 500 million green shoe option, to finance capacity expansion or acquire an operational entity. The decision was disclosed through a formal notice submitted to the Pakistan Stock Exchange.
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The Sukuk offering—supported by internal funds—will be deployed toward either enlarging production capacity or strategic acquisition, reflecting THCCL’s push for accelerated growth, diversified revenue channels, and enhanced market positioning. Board leadership highlighted that the initiative is designed to generate sustainable returns and improve long-term profitability.
Financial results indicate robust performance: THCCL reported a profit of Rs. 2.34 billion in fiscal year 2025—a growth of over 83% compared to Rs. 1.28 billion in FY24. Earnings per share increased significantly to Rs. 28.28, up from Rs. 16.08. The company also made strides in renewable energy, commissioning a 4.8 MW wind project at its Thatta plant in April, raising its total renewable capacity to 9.8 MW following earlier solar installations.
By leveraging this Sukuk, Thatta Cement is combining financial innovation with operational expansion and sustainability. The move serves as a milestone in THCCL’s long-term growth strategy and commitment to generating value for shareholders.
