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Karachi, Mughal Iron & Steel Industries Limited has introduced a 5-Year Sukuk, MUGHALSC, to support its expansion and growth initiatives. With an issuance size of Rs. 3 billion and a face value of Rs. 1 million per unit, this Sukuk is set for its next coupon date on June 2, 2024. This financial instrument is part of Mughal Steel’s strategy to leverage Islamic financing for its development projects, underscoring the company’s commitment to sustainable growth through strategic financial planning.
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