Daewoo Express Raises Rs4 Billion in Third Sukuk Issuance | Islamic Finance

Key Takeaways & Executive Summary

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Shariah Reviewed & Verified

✓Daewoo Express has raised Rs4 billion through its third consecutive Sukuk issuance, oversubscribed by 2.24 times.
✓The success highlights growing investor confidence in Shariah-compliant transport financing in Pakistan.

Primary Topic: SukukAl Huda Research Advisory

Daewoo Express Strengthens Islamic Financing Track Record

Pakistan's leading transport operator Daewoo Express has successfully raised Rs4 billion (approximately $14.4 million) through its third consecutive short-term Sukuk issuance, demonstrating the growing maturity of Islamic capital markets in the country's transportation sector.

Strong Investor Appetite for Shariah-Compliant Instruments

The issuance, arranged by Pak Oman Investment Company as joint lead financial advisor, was oversubscribed by 2.24 times - a clear indicator of robust market confidence. This follows the company's previous successful Sukuk offerings of Rs2 billion in December 2025 and Rs4 billion in March 2026.

Expanding Transport Infrastructure Through Islamic Finance

With over 400 buses, 200 cargo trucks, and 200 delivery centers nationwide, Daewoo Express has become a key player in Pakistan's mass transit systems. The company operates several major projects including Lahore Feeder, Multan Metro, and BRT systems in multiple cities.

Pak Oman Investment Company emphasized its commitment to developing Shariah-compliant solutions that support sustainable transportation infrastructure. The repeated success of Daewoo Express's Sukuk issuances highlights Islamic finance's growing role in funding critical economic sectors.

Source: Alhuda TodayView original source

Frequently Asked Questions

The Rs4 billion Sukuk marks Daewoo Express's third successful Shariah-compliant bond offering, demonstrating consistent access to Islamic capital markets. The 2.24x oversubscription shows strong investor confidence in both the company and Pakistan's Islamic finance sector.

Pak Oman Investment Company served as the mandated joint lead financial advisor, arranger, and investment agent for this Sukuk transaction. The institution has played a key role in developing Shariah-compliant financing solutions in Pakistan.

The funds will support Daewoo Express's operations across 400+ buses and multiple mass transit systems. This demonstrates how Islamic finance can fund critical infrastructure while adhering to Shariah principles, benefiting both investors and the public.

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