Agha Steel exercises call option on Sukook issue

MG News | July 05, 2023 at 03:05 PM GMT+05:00

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July 05, 2023 (MLN): Agha Steel Industries Limited (PSX: AGHA) is exercising the call option associated with the AGHA Sukook issue and is currently in the process of signing agreements with its investors today, the company’s filing on PSX revealed today.

“We understand the significance of informing the PSX promptly and ensuring all necessary procedures are followed diligently. Therefore, we assure you that we will provide the PSX with a timeline for the payment by tomorrow,” the notice reads.

The company is principally engaged in the manufacturing and selling of steel bars, wire rods, and billets.

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