Karachi: Arif Habib Limited has disclosed the sale of ordinary shares in Javedan Corporation Limited, a move confirmed through a formal notice compliant with the regulations of the Pakistan Stock Exchange. This transaction marks a significant development for the corporation, which acts as a substantial shareholder in Javedan Corporation.

On June 9, 2026, Arif Habib Corporation Limited executed a sale of 1,648,059 ordinary shares at an average rate of Rs. 153.01 per share. The cumulative number of shares held by Arif Habib in Javedan Corporation now stands at 137.83 million, representing 36.19% of the total shares.

According to information available from the Pakistan Stock Exchange (PSX), this transaction falls under the 'ready market' category. The financial maneuver reflects a big move with a notable impact on the shareholder distribution of Javedan Corporation Limited.

The transaction aligns with the compliance requirements of clause 5.6.4 of the Rule Book of the Pakistan Stock Exchange, indicating a strategic adjustment in the holdings of the significant stakeholder, Arif Habib Limited.