⚡ Flash Summary

Pakistan Energy Sukuk II (PESC-II) announced the payment of its 11th profit rental for the period from May 21, 2025, to November 20, 2025. The gross rental income totals PKR 11,380,904,977, from which a withholding tax of PKR 14,249,054 is deducted. The net rental payment amounts to PKR 11,366,655,923. This distribution reflects returns on investments made by various financial institutions and other entities in PESC-II.

📌 Key Takeaways

• 💰 11th profit rental announced for Pakistan Energy Sukuk II (PESC-II).
• 🗓️ Period covered: May 21, 2025 to November 20, 2025.
• 🏦 Key shareholders include Allied Bank, Habib Bank, Meezan Bank, and others.
• 🏢 Gross rental income: PKR 11,380,904,977.
• 📉 Withholding tax deduction: PKR 14,249,054.
• ✅ Net rental payment: PKR 11,366,655,923.
• 🏦 Habib Bank Limited – Islamic Banking has the largest investment and rental income.
• 🏦 Meezan Bank Limited also shows significant investment and rental income.
• 🛡️ Dawood Family Takaful Limited has multiple investments with varying returns.
• 📊 CDC-Trustee funds also have substantial investments in the Sukuk.
• 💸 Rental income is distributed among a wide array of financial institutions and funds.
• 🔍 The announcement provides transparency on income distribution to investors.
• 📅 This is the 11th distribution indicating a well-established payment history.

🎯 Investment Thesis

HOLD. Based on the steady distribution of profit rental, maintaining a ‘Hold’ position is appropriate. A deeper dive into the underlying assets and their performance is needed to justify a ‘Buy’ or ‘Sell’ recommendation. A price target cannot be accurately determined without additional information. Time horizon: MEDIUM_TERM.