Karachi: In a recent transaction disclosed under clause 5.6.4 of the Pakistan Stock Exchange (PSX) Regulations, Muhammad Shahid Ali, the Chief Executive Officer and Director of Arif Habib Limited, has executed a notable share acquisition. According to the company’s disclosure, Mr. Shahid Ali purchased 8,000 shares of Arif Habib Limited on May 8, 2025, at a rate of Rs. 56.99 per share. This acquisition brings Mr. Shahid Ali's cumulative shareholding in the company to 2,398,044 shares, representing a 3.67% stake.

According to information available from the Pakistan Stock Exchange (PSX), the transaction will be reviewed in the upcoming board meeting. During this meeting, any instances of non-compliance will be highlighted for consideration, in line with the requirements set forth by clause No. 5.6.4 (d) of the PSX Regulations. The company has assured that any necessary actions will be taken to address such non-compliance, if identified.

The transaction's holding period has exceeded six months. Should it have been within this period, the profit equivalent would need to be deposited with the Securities and Exchange Commission of Pakistan (SECP) as mandated by Section 105 of the Securities Act, 2015, with notification to the PSX. Arif Habib Limited operates within the designated market category of the Pakistan Stock Exchange, facilitating transparency and regulatory compliance in its financial disclosures.