Press Release

VIS Matures Ratings of Mughal Iron & Steel Industries Limited’s Sukuk I

Karachi, May 19, 2026: VIS Credit Rating Company Limited has matured the instrument rating of Mughal Iron & Steel Industries Limited’s Sukuk issue amounting to PKR 3 billion. The issuance and maturity dates of the instrument were March 1, 2021 and March 1, 2026, respectively.

For further information on this ratings announcement, please contact at 021-35311861-64 or email at info@vis.com.pk.


Applicable Rating Criteria: Policy for Suspension and Withdrawals of Ratings
https://docs.vis.com.pk/docs/policy_withdrawal.pdf

Information herein was obtained from sources believed to be accurate and reliable; however, VIS Credit Rating Company Limited (VIS) does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. VIS, the analysts involved in the rating process and members of its rating committee do not have any conflict of interest relating to the rating(s)/ranking(s) mentioned in this report. VIS is paid a fee for most rating assignments. This rating/ranking is an opinion and is not a recommendation to buy or sell any securities. Copyright May 19, 2026 VIS Credit Rating Company Limited. All rights reserved. Contents may be used by news media with credit to VIS.