Amreli Steels Signs Major Financial Restructuring Agreement with Banking Syndicate

Amreli Steels Limited has announced the successful execution of a Master Restructuring Agreement with a consortium of banks, led by Bank Alfalah Limited and with Pak Brunei Investment Company Limited acting as Agent and Security Agent. The agreement, disclosed to the Pakistan Stock Exchange (PSX) on Thursday, marks a significant milestone in the company’s ongoing efforts to strengthen its financial position. According to the company, the restructuring will deliver several key benefits, including improved liquidity and cash flow, more sustainable operations, increased capacity utilization, and reductions in both financial and operational costs. “This execution marks a significant milestone for the company, signifying the culmination of a collaborative effort between Amreli Steels and its financial partners,” the company said in its statement to the PSX. Amreli Steels expressed gratitude to all stakeholders, including participating financial institutions and advisors, for their cooperation and commitment throughout the process.