Jahangir Siddiqui Increases Stake in Own Company Through Recent Purchase

Islamabad: Mr. Jahangir Siddiqui, a major shareholder, has increased his holding in Jahangir Siddiqui and Co. Ltd. by acquiring additional preference shares, as announced in a recent disclosure to the Pakistan Stock Exchange.

On July 22, 2024, Mr. Siddiqui purchased 401 Class ‘A’ Preference Shares at a price of Rs 7.35 per share through the ready market. This transaction was conducted electronically via the Central Depository Company (CDC). With this latest acquisition, Mr. Siddiqui’s total holdings in Class ‘A’ Preference Shares have risen to 138,932,501.

According to information available from the Pakistan Stock Exchange (PSX), this disclosure complies with clause 5.6.4 of the Rule Book of the Pakistan Stock Exchange Limited. The transaction underscores the continuing investment by Mr. Siddiqui in his company, reflecting confidence in its ongoing and future operations.

This movement in shareholding is significant as it could influence the strategic decisions at Jahangir Siddiqui and Co. Ltd., impacting both the company’s direction and its shareholder value. The market will be watching closely how this increased stake affects the company’s governance and policy decisions.