Zarea Limited has announced a rights issue, offering 120,000,000 ordinary shares at PKR 25 each, aimed at raising PKR 3,000,000,000 to enhance working capital and repay existing Sukuk.
- Rights issue of 120,000,000 shares, representing approximately 45.71% of existing paid-up capital.
- Offer price set at PKR 25 per share, including a premium of PKR 24.
- Subscription ratio of 16 rights shares for every 35 ordinary shares held.
- Proceeds will be utilized for working capital and repayment of PKR 2 billion Sukuk issued in October 2026.
- The offer document is valid for 60 days from the last payment date, with specific dates yet to be finalized.
- Directors and sponsors have committed to subscribe PKR 1.5 billion, with the remaining amount underwritten.
- The rights issue price is approximately 29.30% below the reference market price of PKR 35.36 as of October 23, 2026.