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Karachi, Ibrahim Fibres Limited, a leading textile company, has disclosed a significant transaction executed by a substantial shareholder in its latest regulatory filing.
Ibrahim Holdings (Pvt.) Limited, a substantial shareholder in Ibrahim Fibres Limited, has carried out a notable transaction involving the purchase of 1500 shares of the company. The transaction took place on August 7, 2023, with each share acquired at a rate of PKR 250.00. The shares were acquired through the Central Depository Company (CDC) and were traded on the Ready market.
This transaction highlights the continued involvement of substantial shareholders in the company’s equity and underscores their confidence in the growth potential and prospects of Ibrahim Fibres Limited. The decision to acquire additional shares further solidifies Ibrahim Holdings’ position as a significant stakeholder in the company’s operations.
Ibrahim Fibres Limited continues to be a prominent player in the textile industry, and this recent transaction by a substantial shareholder is expected to attract attention from investors and market observers alike. The company’s commitment to transparency and timely disclosure reflects its dedication to upholding the highest standards of corporate governance.
The transaction details are in accordance with the regulatory requirements and were made available by Ibrahim Fibres Limited as part of its commitment to maintaining transparent communications with its stakeholders.
The post Ibrahim Fibres Limited Reports Substantial Shareholder’s Transaction appeared first on Pakistan Company News.