Beco Steel strengthens solar execution with sister concern funding

MG News | February 16, 2026 at 11:07 AM GMT+05:00

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February 16, 2026 (MLN): Beco Steel Limited (PSX: BECO) has moved forward with finalizing a funding arrangement to support the timely execution of its solar power project, ensuring uninterrupted availability of required project cashflows.

In continuation of its earlier disclosure regarding the commencement of construction and execution of the solar power project, the Board has commenced finalization of a funding arrangement with the company’s sister concern, Beco Steel Ferrous and Non Ferrous Metal Trading LLC, United Arab Emirates.

The company is structuring an arm’s length investment and participation arrangement with Beco Steel Ferrous and Non Ferrous Metal Trading LLC for investment into the solar power project, according to the company's statement issued today.

The structure aligns with the company’s policy of executing the project without reliance on conventional interest-based borrowing, reinforcing its Sharia-compliant positioning.

The initiative is expected to strengthen execution certainty by securing dedicated project cashflows, preserve a debt-free or low-leverage profile, reinforce the company’s Sharia-compliant positioning, and support long-term value through sustainable energy cost efficiencies.

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