Karachi: Mr. Jahangir Siddiqui has increased his stake in Jahangir Siddiqui and Co. Ltd. through the recent acquisition of 235,410 Class 'A' Preference Shares, bringing his total ownership to 139.76 million shares as of September 3, 2024. According to information available from the Pakistan Stock Exchange (PSX), this strategic move solidifies Siddiqui's commitment to his company's future.

The transactions, completed in two separate trades on August 30 and September 3, 2024, involved purchases of 6,000 and 229,410 shares respectively, each at a price of PKR 7.50 per share. These shares were acquired through the Ready Market and are held in electronic form at the Central Depository Company (CDC).

This disclosure comes under the requirements set by clause 5.6.4 of the Rule Book of the Pakistan Stock Exchange Limited, aimed at ensuring transparency in transactions involving significant shareholders. The details provided reflect a continued investment by Mr. Siddiqui in the company he founded, highlighting his ongoing role in its governance and strategic direction.