PKR 1.5 Billion Sukuk Issue Of Mughal Iron & Steel Industries Limited

Mohsin Tayebaly & Co. was engaged as transaction legal counsel with respect to the issuance of rated, privately placed, secured, short-term, Shariah Compliant Sukuk Certificates by Mughal Iron & Steel Industries Limited in the aggregate amount of PKR 1,500,000,000/- (Pak Rupees One Billion Five Hundred Million), for which purpose Pak Oman Investment Company Limited was appointed as the Investment Agent and the Musharaka Agent, Al-Hilal Shariah Advisors (Private) Limited acted as the Shariah Advisor, AKD Securities Limited was the Mandated Lead Advisor & Arranger and Topline Securities Limited was the Co-Arranger.

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

MTC’s team in this matter was led by Mikael Rahim (Partner) and included Laraib Saba Turk (Senior Associate), Yawar Burki (Associate) and Zain Ansari (Associate).