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Appointment of Director of Ibrahim Fibres Limited

Karachi, Ibrahim Fibres Limited informed Pakistan Stock Exchange that Ms. Sarah Naeem has been appointed as Director of the company with effect from August 26, 2021 in place of Mr. Mohammad Naeem Asghar.

Ibrahim Fibres Limited was incorporated in Pakistan as a Public limited company. The principal business of the company is to manufacture and sell polyester staple fibre and yarn.

Polyester Plant manufacturing operations are staggered in three production lines located within the same premises, at 38th K.M. Faisalabad – Sheikhupura Road, Faisalabad and are spread over an area of more than 100 acres of land with a capacity to produce 390,600 tons per annum of Polyester Staple Fibre (PSF).

The total numbers of shares are 310,506,995. The Earnings per share is (4.17) in 2020 which was 3.22 in 2019. The profit after Taxation is (1,295,482,000) in 2020 which was 998,493,000 in 2019.