Arif Habib Corporation Reports Inheritance-Based Share Transaction

Karachi: In a recent transaction noted on October 23, 2024, Arif Habib Corporation Limited has disclosed an inheritance-based share transfer involving Lubna Khawaja, spouse of non-executive director Asadullah Khawaja. According to information available from the Pakistan Stock Exchange (PSX), this move is part of the ongoing compliance with PSX Regulation 5.6.4.

The shares, numbering 5,000, were transferred through the Central Depository Company (CDC), with the transaction characterized as “Inheritance Out.” The company reported this transfer in accordance with regulatory requirements that dictate such disclosures be made to ensure transparency and proper record keeping.

This inheritance transaction does not involve any monetary transaction rate, as it is a transfer of shares due to family succession. Such disclosures are crucial for maintaining the integrity of market transactions and providing clear records of share ownership and changes therein.

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