Lahore: A significant transaction involving shares of Ibrahim Fibres Limited has been disclosed, involving its substantial shareholder, Ibrahim Holdings (Pvt.) Ltd. The transaction was completed on September 2, 2024.

According to information available from the Pakistan Stock Exchange (PSX), Ibrahim Holdings purchased 1,782 shares of Ibrahim Fibres Limited at a rate of 350.00 per share. The shares were bought in the form of CDC Ready certificates, indicating a formal and traceable acquisition.

This transaction will be reviewed in the upcoming board meeting of Ibrahim Fibres Limited. The board will address any potential non-compliance issues as required under PSX Regulations clause No. 5.6.4. The company has confirmed the completion of the transaction and has noted that all regulatory requirements have been fulfilled.

In compliance with the Securities Act of 2015, the holding period for the transaction exceeds six months. Should any transaction fall within this period, Ibrahim Holdings is required to deposit a cheque equivalent to the profit with the Securities and Exchange Commission of Pakistan (SECP), under intimation to PSX.