Karachi: A group of individuals has acquired a substantial stake in Invest Capital Investment Bank Limited, according to information disclosed under section 110 of the Securities Act, 2015. The acquisition, which took place on June 5, 2025, involved purchasing 32,285,640 voting shares of the bank at a price of Rs 2.87 per share. This transaction represents an 11.33% share of the company's total issued voting shares.

The acquisition was made by a group residing in Lahore, increasing their collective shareholding to 32,285,640 shares from a previous position of none. The Securities Act mandates disclosure of substantial acquisitions to ensure transparency and maintain investor confidence.

The details of the beneficial owners were disclosed as follows: Mr. Ali Pervez Ahmad acquired 15,150,000 shares, representing 5.32% of the paid-up capital, at an average price of Rs 2.81. Mr. Suleman Ahmed purchased 9,435,740 shares, equivalent to 3.31% of the capital, at Rs 3.22 per share. Mrs. Rehana Pervez Ahmad obtained 6,200,000 shares, making up 2.18% of the capital, at Rs 2.58 per share. Mr. Hassan Ibrahim Ahmad acquired 1,050,000 shares, representing 0.37% of the capital, at Rs 2.46 per share. Lastly, Mr. Rakae Ali Ahmad purchased 449,900 shares, or 0.16% of the capital, at Rs 2.71 per share.

According to information available from the Pakistan Stock Exchange (PSX), this acquisition aligns with market practices where significant shareholding changes are disclosed to the public. This ensures that all stakeholders, including potential and current investors, have access to pertinent information regarding ownership changes within publicly traded companies.

The Invest Capital Investment Bank Limited operates within the designated market category of financial services, and this recent acquisition highlights ongoing investor interest in the sector. The bank's management and shareholders are expected to review the implications of this change in ownership as part of their governance and strategic planning processes.