Mughal Iron & Steel Industries Limited Unveils Sukuk Details

Business & Finance

Karachi, Mughal Iron & Steel Industries Limited has provided information on its Sukuk, identified by the symbol MUGHALSC, to the Pakistan Stock Exchange. This Sukuk, with a 5-year tenure and a face value of Rs. 1,000,000 per certificate, boasts a total issue size of Rs. 3,000,000,000. The next coupon date is anticipated on June 2, 2024. This financial initiative represents a critical step in the company’s efforts to secure long-term financing for its projects and operations.