Bus Services and Terminals of Pakistan

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Pakistan's Biggest Bus Terminal of Peshawar | VIP Facilities Like Luxury Airport​

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Daewoo Express raises Rs4bn in third Sukuk​

• The Sukuk issue was oversubscribed 2.24x

August 7, 2026



Courtesy: Pak Oman Investment Company Ltd
By BR Web Desk

Daewoo Pakistan Express Bus Services Limited, one of the country’s leading inter-city transport service providers, has successfully raised Rs4 billion through the issuance of its third short-term Sukuk, with the Shariah-compliant offering drawing subscriptions worth 2.24 times the amount on offer.

“We are proud to announce Pak Oman’s continued role in supporting Daewoo Pakistan Express Bus Services Limited with the successful issuance of its PKR 4 billion Short-Term Sukuk – Issue 3,” said Pak Oman Investment Company Ltd in a post on a social media platform on Thursday.

Pak Oman Investment Company Limited, acting as mandated joint lead financial advisor, arranger and investment agent, said that the issue was oversubscribed 2.24x, “reflecting strong investor confidence in Daewoo and Pakistan’s capital markets”.

 

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Daewoo Pakistan Express Bus Service Limited, established in 1997, is a leading intercity transport and logistics operator in Pakistan, managing over 400 buses, 200 cargo trucks, and 200+ delivery centres.

It has expanded into regulated public sector mass transit projects, including Lahore Feeder, Multan Metro, Orange Line Lahore, BRT Peshawar, and BRT Karachi.