PKR 2 Billion Short Term Sukuk Issue Of Mughal Iron & Steel Industries Limited

Mohsin Tayebaly & Co. acted as transaction legal counsel with respect to the issuance of rated, privately placed, unsecured, short-term, Shariah Compliant Sukuk Certificates by Mughal Iron & Steel Industries Limited in the aggregate amount of up to PKR 2,000,000,000/- (Pak Rupees Two Billion), for which purpose Pak Oman Investment Company Limited was appointed as the Issue Agent and the Investment Agent, Al-Hilal Shariah Advisors (Private) Limited acted as the Shariah Advisor and KTrade Securities Limited acted as the financial advisor.

The Firm’s scope of work included full scope investor side advisory.

MTC’s team in this matter was led by Vaseeq Khalid (Partner) and included Kamil Tayebaly (Senior Associate), Faiza Khan (Senior Associate) and Ariba Fatima (Associate).

KTrade’s team in this matter was led by Omar Salah Ahmed, and included Saira Giga, Danish Deedar Ali, and Syed Muhammad Raahim Zaidi.