Mughal Iron & Steel Industries Limited (PSX: MUGHAL) has successfully raised Rs. 2 billion through the issuance of its Sukuk VIII, A rated, secured, privately placed, OTC listed, mid term Sukuk offered to Qualified Institutional Buyers (QIBs), the company said in a notice to the Pakistan Stock Exchange. 2.5 billion, including a Green Shoe Option of Rs. Mughal Iron & Steel Industries Limited is a Lahore based, Pakistan Stock Exchange listed steel manufacturer and one of the country’s leading producers of long rolled steel products. The company traces its roots to the early 1950s and supplies steel products for Pakistan’s construction and infrastructure sectors.