Karachi: Arif Habib, the Chief Executive Officer of Arif Habib Corporation Limited, has substantially increased his stake in the company through a series of transactions executed earlier this month. The transactions, disclosed in compliance with the Pakistan Stock Exchange’s regulations, reflect a strategic move by the executive to consolidate his holdings in the corporation.
According to official disclosure under clause 5.6.4 of the PSX Regulations, Mr. Habib executed multiple transactions in the company’s shares between October 14 and October 17, 2025. The transactions took place in the ready market through the Central Depository Company (CDC). On October 14, Mr. Habib purchased 1,198,001 shares at an average rate of 16.79 Pakistani Rupees, resulting in a cumulative holding of 3.36 billion shares, representing 79.57% of the company.
The following day, on October 15, an additional 801,999 shares were acquired at an average rate of 16.11 Pakistani Rupees. This brought the cumulative shares to approximately 3.36 billion, slightly increasing the percentage of ownership to 79.59%.
Further activity was recorded on October 16, when Mr. Habib purchased another 1,000,000 shares at an average rate of 15.80 Pakistani Rupees. This transaction elevated the total number of shares to approximately 3.36 billion, raising the ownership stake to 79.62%.
The most significant purchase occurred on October 17, with 2,716,354 shares bought at an average rate of 15.44 Pakistani Rupees. This acquisition increased the cumulative shares to approximately 3.36 billion, ultimately enhancing Mr. Habib’s ownership to 79.68%.
According to information available from the Pakistan Stock Exchange (PSX), these transactions will be put forth for discussion in the company’s upcoming board meeting. The board is expected to review the transactions as part of its obligations under the PSX regulations, ensuring full transparency and adherence to governance standards.
This series of acquisitions underscores a decisive move by Mr. Arif Habib to fortify his control over Arif Habib Corporation Limited. The transactions and subsequent board meeting are in accordance with regulatory requirements, ensuring that all actions are documented and reported to the exchange.