Bank of Punjab leads structuring of Islamic facility for Novacare

The Bank of Punjab, ticker BOP, has led the structuring of a syndicated Islamic project finance facility worth Rs 17 billion for Novacare Hospitals (Private) Limited, and the transaction reached financial close at a signing ceremony attended by the project's sponsors, management and the participating financial institutions.

BOP shares last closed at 28.53 rupees on 19 October 2026, down 0.87% on the day, down 8.53% over the past month and down 15.32% over the past three months, according to end-of-day figures from our data. Over the past 52 weeks the closing price has ranged from 24.26 to 43.09 rupees.

The KSE-100 index last closed at 165,966.09 on 19 October 2026, down 0.27% on the day, our end-of-day figures show.

Islamic project finance structures funding around assets or projects on terms that avoid interest, with returns tied to the underlying transaction. The facility is sized at Rs 17 billion, and BOP's role is in arranging the syndicated financing alongside the other participating institutions.