Karachi, Arif Habib Limited informed Pakistan Stock Exchange that to acquire up to 7,500,000 ordinary shares of Tri-Pack Films Limited (“Tri-Pack” or the “Target Company”) constituting 19.33% of total issued and paid up capital of Tri-pack along with such number of shares as may be offered under the provisions of Securities Act 2015 and the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017 (the “Transaction”).

Arif Habib Limited is a public listed company incorporated in Pakistan. It is a premier brokerage and financial services firm engaged in Equity Trading, Investment Banking, Money Market and Forex, Commodities Trading and Securities Research, and listed at Pakistan Stock Exchange.

Arif Habib Limited’s brokerage operations in Pakistan are assisting scores of Institutional, Corporate, and High Net Worth and Retail clients.

The principal activities of the Company are investments, share brokerage, inter-bank brokerage, Initial Public Offer (IPO) underwriting, advisory and consultancy services. The shares of the Company are quoted in Pakistan Stock Exchange, and the symbol “AHL” is used for the shares of the Company.

The total number of shares the company has issued are 59,400,000 where the Earnings per Share in 2020 is 1.00 which was (0.95) in 2019. The Profit after Taxation has increased in 2020 and is 59,856,000 which was (62,461,000) in 2019.