Karachi: Arif Habib Limited has disclosed a recent transaction executed by Mr. Muhammad Shahid Ali, the company's Chief Executive Officer and Director, involving the purchase of shares in the company. This disclosure is in compliance with the Pakistan Stock Exchange (PSX) regulations, specifically under clause 5.6.4, which mandates the disclosure of interest by relevant persons holding company shares.

On May 7, 2025, Mr. Ali acquired 17,104 shares of Arif Habib Limited at a rate of 62.29 per share in the ready market. The acquisition brings his cumulative shareholding to 2,390,044 shares, representing a 3.66% stake in the company. This transaction will be reviewed in the upcoming board meeting, where any non-compliance issues, if present, will be addressed as per the requirements set forth under clause No. 5.6.4 (d) of the PSX regulations.

According to information available from the Pakistan Stock Exchange (PSX), the holding period for this transaction exceeds six months. Should the holding period have been less than six months, any profits would need to be deposited with the Securities and Exchange Commission of Pakistan (SECP) as per Section 105 of the Securities Act, 2015, with appropriate notification to the PSX.

The disclosure and confirmation by Arif Habib Limited underscore the company's adherence to regulatory requirements, ensuring transparency and accountability in its financial dealings. The designated market category for this transaction is the ready market, where shares are traded for immediate delivery.