Lahore: Mughal Iron & Steel Industries Limited has announced the full repayment of its privately placed, unsecured, and rated Sukuk-II certificates, totaling Rs. 2.50 billion. The repayment was finalized ahead of the scheduled due date of April 21, 2025.

The company, a participant in the designated market category of industrial manufacturing, confirmed the completion of this financial obligation. This repayment marks a significant financial milestone for Mughal Iron & Steel Industries, which had earlier issued these Sukuk-II certificates as part of its financing strategy.

According to information available from the Pakistan Stock Exchange (PSX), the Sukuk-II certificates were initially designed to offer periodic profit payments to investors until the maturity date. The early settlement of this obligation reflects the company’s financial strategy and operational efficiency.

Mughal Iron & Steel Industries Limited, known for its role in the manufacturing sector, continues to maintain its financial commitments and enhance shareholder value through such initiatives. The completion of the Sukuk-II repayment is expected to positively influence the company’s financial standing and investor confidence.