Karachi: Arif Habib Corporation Limited (AHCL), a significant shareholder in Power Cement Limited (PCL), has increased its holding in the company by acquiring a substantial quantity of ordinary shares. The transaction, dated April 7, 2026, was conducted under the Notice of Purchase of Ordinary Shares as per compliance with clause 5.6.4 of the Pakistan Stock Exchange Rule Book.
AHCL purchased 15,460,440 ordinary shares of PCL at an average rate of Rs. 17.74 per share. This acquisition brings AHCL’s cumulative ownership to 326,414,557 ordinary shares, equating to a 23.91% stake in the company. Additionally, AHCL holds 23,171,114 preference shares, which, combined with the ordinary shares, represent 25.61% of PCL’s issued share capital.
According to information available from the Pakistan Stock Exchange (PSX), the transaction has been duly noted, following the necessary regulatory protocols. The market category for this transaction is Non-Deliverable Market (NDM).
AHCL’s strategic move to bolster its investment in Power Cement Limited reflects its continued confidence in the company’s growth prospects. The corporation is now advised to inform the stock exchange of this updated shareholding as per regulatory requirements.