Karachi: Oilboy Energy Limited announced on March 26, 2025, the completion of the subscription process for its right shares by its directors and substantial shareholders. The company stated that the required amounts were deposited into a designated bank account through cross cheques, with an auditor’s certificate to be provided at a later date.

According to the official statement, Oilboy Private Limited subscribed to 1,382,872 shares, amounting to 13.83 million. Mr. Farhan Abbas Sheikh subscribed to 6,808,080 shares, with a total subscription amount of 68.08 million. Ms. Fatima Jamil and Ms. Farkhanda Abbad each subscribed to 1,250 shares, contributing 12,500 respectively. The cumulative subscription amounted to 8,193,452 shares, totaling 81.93 million.

The company has requested that the TRE Certificate Holders of the Pakistan Stock Exchange (PSX) be informed of these developments. According to information available from the Pakistan Stock Exchange (PSX), the subscription of right shares demonstrates the continued commitment of the directors and substantial shareholders to the growth and financial health of Oilboy Energy Limited.

The designated market category for Oilboy Energy Limited remains consistent as the company moves forward with its financial strategies. The company anticipates that the auditor’s certificate will soon verify the subscription, further solidifying the completion of this financial initiative.