Karachi: Mughal Iron and Steel Industries Limited has completed the disbursement of its 15th profit and 11th principal payment to holders of Sukuk Certificate-1, according to a company announcement. The payments were made on December 2, 2024.

The company, a key player in Pakistan's steel industry, regularly meets its financial obligations to Sukuk holders, reinforcing its commitment to stakeholders. The recent transaction is part of a structured payment schedule that the company has adhered to since the issuance of the Sukuk.

According to information available from the Pakistan Stock Exchange (PSX), Mughal Iron and Steel Industries Limited has maintained a consistent record of payments, contributing to investor confidence in its financial health. Sukuk, an Islamic financial certificate similar to bonds, requires the issuer to make regular profit and principal payments to holders.

Mughal Iron and Steel Industries continues to play a significant role in the steel sector, with its financial activities closely monitored by market participants and stakeholders.