⚡ Flash Summary

K-Electric (KEL) has announced a book closure for its Rated Unsecured & Retail Listed Shirkat-ul-Aqd Sukuk to determine entitlement for the second profit/rental payment. The book closure period will be from October 29, 2025, to November 03, 2025, both days inclusive. Transfer requests received by CDC Share Registrar Services Limited by the close of business on Tuesday, October 28, 2025, will be considered for processing profit/rental payments. This announcement is relevant for investors holding KEL’s Sukuk.

📌 Key Takeaways

• 📅 Book closure announced for K-Electric’s Sukuk: October 29 to November 03, 2025.
• 💰 Purpose: Determining entitlement to the second profit/rental payment.
• 📜 Sukuk Type: Rated Unsecured & Retail Listed Shirkat-ul-Aqd Sukuk.
• 🗓️ Record Date: November 03, 2025 is the date for entitlement.
• 🏢 Transfer Deadline: October 28, 2025, is the deadline for transfer requests.
• 🏦 Transfer Agent: CDC Share Registrar Services Limited.
• 📍 Transfer Agent Address: CDC House, 99-B, Block “B”, S.M.C.H.S, Shahra-e-Faisal, Karachi.
• 💼 Impact on Sukuk Holders: Determines eligibility for the upcoming profit/rental payment.
• 🕒 Deadline Importance: Meeting the transfer deadline ensures timely processing of payments.
• 📄 Official Communication: Announcement made by Rizwan Pesnani, Company Secretary.
• 🏢 Regulatory Oversight: CC to Central Depository Company of Pakistan Ltd and Securities & Exchange Commission of Pakistan, Islamabad.
• 💡 Key Consideration: Sukuk holders should ensure timely transfer requests.

🎯 Investment Thesis

HOLD. The announcement is administrative and does not warrant a change in investment stance. The underlying investment thesis for K-Electric’s Sukuk depends on KEL’s ability to service its debt and maintain its credit rating. The risk-reward profile remains unchanged.