Karachi: VIS Credit Rating Company Limited has concluded the maturity rating of the Short Term Sukuk-2 issued by JDW Sugar Mills Limited, signaling the completion of the instrument valued at PKR 5.0 billion.

According to VIS Credit Rating Company Limited, the Short Term Sukuk-2, which was initially issued on February 15, 2024, successfully reached maturity on August 15, 2024. This financial instrument’s journey from issuance to maturity was last rated on March 04, 2024, marking a pivotal financial milestone for JDW Sugar Mills Limited.

This development is significant for JDW Sugar Mills Limited as it reflects the company’s financial management and the successful conclusion of its short-term financial commitments.