Karachi: The Director of TPL REIT Management Company Limited, Muhammad Ali Jameel, has increased his stake in TPL REIT Fund I by acquiring additional units, reflecting ongoing market activity within the designated market category. On July 11, 2025, Jameel executed a transaction involving the purchase of 3,850,000 shares at a rate of 13.25 per share. This acquisition has raised his total cumulative shareholding to 19,850,000 shares, representing a 1.08 percent stake in the Fund.

The shares were acquired in the 'Ready' market through the Central Depository System (CDS), with the transaction intended to secure financing through mutual funds. According to information available from the Pakistan Stock Exchange (PSX), the details of this transaction and any potential noncompliances will be reviewed in an upcoming Board meeting, as required by clause 5.6.4 of the PSX Regulations.

The transaction highlights a minor move in Jameel's overall shareholding percentage. The company has confirmed that it will present the details of this transaction to the Board, ensuring compliance with the necessary regulatory requirements.