Karachi,June 2024 – United Bank Limited (UBL) concluded a PKR 20 Billion bilateral
finance facility for Engro Fertilizers Limited, a transaction that marks a significant milestone
in bilateral relationship between a major conglomerate and a leading bank.
The signing ceremony was held at the UBL Digital Lab in Karachi. Participants included
senior executives from both institutions including Mr. Farooq Barkat Ali – Group CFO (Engro
Corporation), Mr. Imran Khalil – CFO (Engro Fertilizers Ltd.), Mr. Manzoor Hussain Zaidi –
Group Executive (CIBG UBL), Mr. Imran Sarwar – Group Executive (Risk & Credit UBL) and
Ms. Nadia Tabassum – Deputy Head (CIBG UBL).
At the event, Mr. Farooq Barkat Ali, Group CFO (Engro Corporation) expressed his
appreciation for UBL executing one of the largest bilateral financings by any bank in an
exceptionally short time frame.
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