Ibrahim Fibres Shares Acquired by Major Shareholder

Lahore: Significant transactions in Ibrahim Fibres Limited shares were executed by the primary shareholder, Ibrahim Holdings (Pvt.) Ltd., reflecting a firm commitment in the ongoing support of the company’s stock. The transactions occurred in the ready market category of the Pakistan Stock Exchange.

On September 19, 2024, Ibrahim Holdings, identified as a substantial shareholder and sponsor of Ibrahim Fibres, purchased 284,951,988 shares at a rate of 350 per share, which solidifies their cumulative shareholding at 91.77% of the company. A follow-up transaction on September 20 saw an additional 60 shares acquired at the same price, maintaining the ownership percentage steady.

According to information available from the Pakistan Stock Exchange (PSX), these transactions underline the strategic intent of Ibrahim Holdings to bolster its stake in Ibrahim Fibres amidst market dynamics. The shares were bought under the regulation of PSX 5.6.4, which mandates the disclosure of interest by relevant persons holding company’s shares.

Both transactions were conducted through the Central Depository Company (CDC) and were documented with ready form share certificates, ensuring compliance with the exchange’s regulatory framework. The continued investment by Ibrahim Holdings in Ibrahim Fibres showcases a robust confidence in the company’s future prospects.

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