Meezan Bank & Eden Builders inked PKR 2.5 Billion Sukuk Issue

December 15th, 2007

Meezan Bank Limited and Eden Builders (Private) Limited signed a PKR 2.5 billion Islamic financing facility mandate. In a ceremony held in Lahore on November 30, 2007 Ch. Mohammad Arshad, Chief Executive of Eden Builders, awarded the mandate to Meezan Bank represented by Mr. Najmul Hassan, General Manager – Corporate & Business Development, for 5 ½ years Sukuk issue. According to this arrangement Meezan Bank would arrange finance for the upcoming residential and housing projects of Eden Builders in Lahore, Faisalabad and other cities.

Eden Builders, backed by professional excellence of 27 years is carrying forward their commitment to bring quality living within the access of every Pakistani. Eden is the pioneer in contemporary and innovative gated community housing projects and specializes in the real estate sector with particular emphasis on undertaking mass scale projects either independently or in joint ventures with leading local and foreign companies.