Ibrahim Holdings Increases Stake in Company, Buys Shares Worth 285 Million

Karachi: In a significant transaction recorded on October 10, 2024, Ibrahim Holdings (Pvt.) Ltd., a substantial shareholder, further cemented its control over the company by acquiring additional shares. According to information available from the Pakistan Stock Exchange (PSX), this strategic move has been meticulously documented as per the stock exchange’s regulations.

The transaction involved the purchase of 350 shares, which pushed the cumulative shareholding of Ibrahim Holdings to a commanding 284.98 million shares, representing a 91.78% ownership stake in the company. The shares were transacted through the Central Depository Company (CDC), ensuring a secure and efficient process.

This latest acquisition underscores Ibrahim Holdings’ continued commitment to strengthening its hold within the company’s structure, signaling confidence in the company’s prospects and governance. The transaction has been disclosed in compliance with PSX Regulation 5.6.4, which mandates timely information dissemination regarding shareholding changes by key stakeholders.