MTC Engaged For PKR 2.5 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, unsecured, short-term, Shariah Compliant Sukuk Certificates by Mughal Iron & Steel Industries Limited in the aggregate amount of PKR 2,500,000,000/- (Pak Rupees Two Billion Five Hundred Million), 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 Yawar Burki (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.