Karachi: The Pakistan Stock Exchange Limited has announced the listing of rated, secured, and privately placed Sukuk certificates valued at PKR 1.50 billion of Mughal Iron & Steel Industries Limited. As per the notification, the Sukuks will be available for trading from Thursday, January 8, 2026, following the listing on Wednesday, January 7, 2026. This listing is conducted under Chapter 5C of the PSX Rule Book, specifically under "Privately Placed Debt Securities' Listing Regulations."

The Sukuks possess a tenor of nine months from the issue date and feature a floating coupon rate comprising the three-month Karachi Inter Bank Offer Rate (KIBOR) plus 1.30% per annum. The investment agent for this issuance is Pak Oman Investment Company Limited. Trading of these Sukuks is restricted to Qualified Institutional Buyers (QIBs) as defined by Chapter 5C of the PSX Rule Book.

According to information available from the Pakistan Stock Exchange (PSX), the Sukuks will be traded in market lots of one certificate each, with a face value of PKR 1,000,000. Settlement of these trades will be conducted through the National Clearing Settlement System (NCSS) on a T+1 basis. Digital Custodian Limited serves as the Registrar/Transfer Agent for the Sukuks, and the security symbol assigned is "MUGHALSTSC."

The issue date for these Sukuks was November 14, 2025, with the total issue amount set at up to PKR 1.50 billion, including a Green Shoe Option of PKR 500 million. The primary purpose of this Sukuk issuance is to meet the working capital requirements of Mughal Iron & Steel Industries Limited. The financial advisor and lead arranger for the issuance is AKD Securities Limited, with Topline Securities Limited acting as the co-arranger. The facility structure and term sheet will be finalized after due diligence by the financial advisor and arranger in consultation with the company, ensuring compliance with relevant legal, regulatory, and Shariah principles.