Ijarah Sukuk Funding Awarded to Pomegranate for N2.25 billion.

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Through WealthBridge Capital Partners Limited, Pomegranate Nigeria Limited (PNL) has successfully raised N2.25 billion in Al-Ijarah Sukuk 3-year Note.

To collect money for the acquisition of 40 new logistic trucks, PNL issued the Private Sukuk Al-Ijarah Notes in collaboration with United Capital Trustees Limited as Lead Trustees.

At the signing event in Lagos, Mr. Wole Elusakin, the CEO of Pomegranate, remarked, “The conclusion of the fund-raising process marks a significant turning point for PNL.

“Third-Party Logistics Company (3PL) Pomegranate Nigeria Limited (PNL) was able to get an investment-grade rating (A-) from Data Pro for the Notes, further reiterating its dedication to good performance in accordance with its mission.

Pomegranate Nigeria Limited (PNL) would be able to increase its operations in the logistics and haulage industry thanks to the issuing of this private note.

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