Karachi: Arif Habib, Chief Executive Officer of Arif Habib Corporation Limited, has executed a series of transactions involving the purchase of shares in the company, as disclosed under clause 5.6.4 of the Pakistan Stock Exchange (PSX) Regulations. The transactions, carried out in mid-July, reflect significant activity in the company's stock.

On July 18, Mr. Habib purchased 2,955,123 shares at an average rate of 12.23 Pakistani Rupees per share. This transaction raised his cumulative shareholding to 3.32 billion shares, accounting for 78.84% of the total shares. Following this, on July 21, an additional transaction was executed involving the purchase of 3,000,000 shares at an average rate of 12.46 Pakistani Rupees, bringing the total shareholding to 3.33 billion shares and 78.91% of the company's issued shares.

The transactions continued on July 22, with the purchase of 3,044,877 shares at an average rate of 12.23 Pakistani Rupees per share. This increased Mr. Habib's cumulative shareholding to 3.33 billion shares, representing 78.99% of the company’s shares.

According to information available from the Pakistan Stock Exchange (PSX), these transactions will be reviewed in the upcoming board meeting of Arif Habib Corporation Limited, as mandated by the PSX regulations. The disclosure is in compliance with the regulatory framework to ensure transparency and accountability in the market.

Arif Habib Corporation Limited operates within the designated market category of financial services, and the recent transactions signify a very large or significant move in the context of the company's stock activities. The company's adherence to PSX's disclosure requirements underscores its commitment to regulatory compliance and corporate governance.