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Karachi: Agha Steel Industries Limited has announced the issuance of a 6-year Sukuk with a face value of Rs. 1,000,000 per unit. The profit rate is set at the 3-month Karachi Interbank Offered Rate (KIBOR) plus an additional 0.8%. The total issue size stands at Rs. 5 billion, with an outstanding principal of Rs. 3.75 billion. The next coupon for this Sukuk is expected to be issued on 09 January 2024.
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