Karachi: Ibrahim Fibres Limited has notified the Pakistan Stock Exchange that M/s. Ibrahim Holdings (Pvt.) Ltd., a substantial shareholder and sponsor of the company, has acquired 1,300 shares at a rate of Rs. 300.00 per share on November 7, 2023. The shares were purchased in the Ready Market through the Central Depository Company (CDC).

The company has confirmed that this transaction will be reviewed in the upcoming board meeting to ensure compliance with PSX Regulations, specifically clause No. 5.6.4. Additionally, if the shares were held for less than six months, any profit from the transaction will be remitted to the Securities and Exchange Commission of Pakistan (SECP) as per Section 105 of the Securities Act, 2015.