Agha Steel signs 10-year debt restructuring deal with Bank AL Habib

Agha Steel Industries Limited has signed a bilateral restructuring agreement with Bank AL Habib Limited to reschedule financing facilities for a period of up to 10 years.

In a notice to the Pakistan Stock Exchange dated July 14, 2026, the company said the agreement followed detailed negotiations with the bank and covered the financing facilities extended by Bank AL Habib.

The restructuring agreement was executed at the offices of Mohsin Tayebaly & Co., legal counsel to Bank AL Habib.

Agha Steel said Bank AL Habib represents approximately 30% of the company’s aggregate exposure within its overall lender pool, making the agreement a significant step in its broader financial restructuring process.

The company said the arrangement is expected to support the orderly settlement of its financial obligations over the agreed period, improve the alignment of debt-servicing commitments with projected operating cash flows and assist in stabilising operations.

Agha Steel added that it remains in talks with its other lenders to complete and implement the overall restructuring plan.

The company said any further material developments would be disclosed to the Pakistan Stock Exchange in line with applicable laws and regulations.