Karachi, The Pakistan Stock Exchange (PSX) has announced the suspension of trading in the Sukuk Certificates of The Hub Power Company Limited (Symbol: HUBCSC4), effective from Friday, March 08, 2024. This suspension precedes the planned delisting of the certificates, which is set to occur following the completion of the final profit payment and principal redemption process for the company's 5th Issue of Sukuk Certificates.

The decision to suspend trading comes as a preparatory measure in the lead-up to the final stages of the Sukuk Certificates' lifecycle, marking a significant event for the holders of these Islamic financial instruments. The Hub Power Company Limited, a key player in Pakistan's energy sector, has scheduled the book closure dates to facilitate the concluding financial transactions associated with this Sukuk issue.

A separate notice regarding the delisting of the Sukuk Certificates will be issued once all relevant requirements have been met, ensuring transparency and compliance with regulatory standards. This forthcoming delisting represents the culmination of the 5th Issue of Sukuk Certificates' journey, reflecting its role in financing and supporting The Hub Power Company Limited's operations.

Investors and market participants are advised to take note of these important dates and the temporary suspension of trading as the company moves forward with its final profit payment and principal redemption. This transition underscores the dynamic nature of financial instruments in the capital markets, particularly within the framework of Islamic finance.