THCCL completes second profit, principal payment on Sukuk certificates

Mettis Global reported that Thatta Cement Company Limited (PSX: THCCL) has finished its second profit and principal payment on Sukuk certificates, with every entitled Sukuk holder now credited. According to the company, the disbursement was made in accordance with the issue terms, and the firm has asked the exchange to pass the update on to TRE Certificate Holders. The notice was lodged with the exchange as a formal filing.

Thatta Cement was set up in 1980 as a public limited firm, starting life as a fully owned unit of the State Cement Corporation of Pakistan (Pvt.) Limited. Its plant began commercial operation in 1982 and relies on dry process technology, with its installed clinker capacity rated at 1,000 tons per day. Equipment came from Mitsubishi Corporation in Japan.

The government left the company in 2004, when its holding was offloaded via the Privatization Commission. Shares were listed in 2008 on the Karachi Stock Exchange, which is now the Pakistan Stock Exchange, and trade as THCCL.