UBL and Engro Fertilizers Seal Rs20 Billion Deal

United Bank Limited (UBL) has successfully concluded a significant Rs20 billion bilateral finance facility for Engro Fertilizers Limited, showcasing a strong partnership between a renowned conglomerate and a leading bank.

The transaction, completed swiftly, underscores the robust relationship between UBL and Engro Fertilizers Limited. The signing ceremony for this substantial financing agreement was held at the UBL Digital Lab in Karachi, with key executives from both UBL and Engro Corporation in attendance.

Participants included Group CFO Farooq Barkat Ali, CFO Imran Khalil, Group Executive Manzoor Hussain Zaidi, Group Executive Imran Sarwar, and Deputy Head Nadia Tabassum. Engro Corporation's Group CFO, Farooq Barkat Ali, praised UBL for successfully executing one of the largest bilateral financing deals within a remarkably short timeframe.

This collaboration between UBL and Engro Fertilizers Limited highlights the commitment of both organizations to nurturing strong financial partnerships, ensuring mutual growth and success.

The successful finalization of the Rs20 billion bilateral finance facility between UBL and Engro Fertilizers Limited not only demonstrates the strength of their partnership but also signifies a significant milestone in the financial landscape of Pakistan. This collaboration sets a positive example for fostering strong relationships between businesses and financial institutions, ultimately contributing to the growth and development of the economy.