Karachi: Arif Habib Corporation Limited (AHCL), a significant shareholder in Power Cement Limited (PCL), has expanded its investment by purchasing an additional 611,762 ordinary shares in the company. This transaction, executed on May 29, 2026, was conducted at an average rate of Rs. 20.99 per share, according to a notice issued by AHCL. The acquisition contributes to a cumulative holding of 341.24 million ordinary shares by the corporation, equating to 25% of PCL’s ordinary shares.

AHCL’s latest transaction adheres to clause 5.6.4 of the Rule Book of the Pakistan Stock Exchange. According to information available from the Pakistan Stock Exchange (PSX), the corporation also possesses preference shares in PCL. The combined holding now includes 23,171,114 preference shares, bringing AHCL’s total ownership in PCL to 26.70% of the issued share capital.

The strategic acquisition aligns with AHCL’s investment strategy and reflects its continued confidence in Power Cement Limited’s market position. The company has been advised to notify the Stock Exchange in compliance with regulatory requirements.