Published on, Sept. 5 -- September 5, 2025 1:08 AM

K-Electric (KE) successfully concluded the Initial Public Offering (IPO) of Pakistan's first retail listed short-term Sukuk, attracting 2.2x times more bids than its target of PKR 2 billion. The funds have been raised to meet KE's operational and working capital requirements.

The process concluded on September 3, 2025, with participation from over 600 retail applicants and institutional investors, injecting PKR 4.4 billion. This reflects investor confidence not only in K-Electric's performance, growth plans, and future outlook, but also in the promise of Islamic finance as a trustworthy and inclusive investment avenue. By promoting Islamic finance at the household and individual partici...