Karachi: Power Holding Limited, a notable entity in the energy sector, has announced the final book closure date for its Pakistan Energy Sukuk 1 (PESC1) and Pakistan Energy Sukuk 2 (PESC2) as December 10, 2025. This announcement marks the company's decision to exercise the Call Option, which entails the early redemption of the entire principal outstanding along with the payment of accrued profit for these sukuks.
In light of this development, trading in PESC1 and PESC2 will be halted starting Tuesday, December 09, 2025. Following this suspension, the sukuks are set to be delisted. This move aligns with the company's strategic financial management, aiming to streamline its obligations and improve liquidity.
According to information available from the Pakistan Stock Exchange (PSX), the delisting process will be initiated once all relevant requirements are satisfied. The PSX will issue a separate notice regarding the delisting of the sukuk certificates once these conditions are met.
The announcement underscores Power Holding Limited's proactive approach in managing its financial instruments, reflecting its commitment to maintaining a robust financial structure. The designated market category for these sukuks falls under the energy sector, a critical component of Pakistan's economic landscape.