Ibrahim Holdings Executes Share Purchase in Ibrahim Fibres Limited

Lahore, Ibrahim Holdings (Pvt.) Ltd., a substantial shareholder and sponsor, purchased 79,113 shares of Ibrahim Fibres Limited on May 2, 2024, as reported to the Pakistan Stock Exchange. The transaction, involving shares valued at PKR 400 each, was conducted in the Ready Market and registered through the Central Depository Company (CDC).

This financial activity will be reviewed at the upcoming board meeting of Ibrahim Fibres Limited. The review will focus on ensuring compliance with the Pakistan Stock Exchange Regulations, specifically clause No. 5.6.4. Furthermore, the company has confirmed adherence to the holding period requirements stipulated under Section 105 of the Securities Act, 2015. In cases where the holding period is less than six months, profits are to be remitted to the Securities and Exchange Commission of Pakistan through a designated process.