Karachi: A significant transaction involving shares of First IBL Modaraba was executed by an executive director of the company, as disclosed under the Pakistan Stock Exchange (PSX) Regulation 5.6.4. On February 25, 2025, it was announced that Ibrahim Hasan Murad, an Executive Director, participated in a notable purchase of the company's shares.

According to the disclosure, Murad bought 510,000 shares of First IBL Modaraba at a rate of 3.00 per share on February 24, 2025. This acquisition brings his cumulative holding to 1,934,070 shares, representing a cumulative percentage of 8.92% of the company's total shares.

The transaction was executed in the 'Ready' market and involved shares held in the Central Depository Company (CDC) form. The disclosure of such transactions is mandated to ensure transparency and compliance with regulatory requirements.

According to information available from the Pakistan Stock Exchange (PSX), the trade by Murad highlights significant interest and investment by key company figures in First IBL Modaraba. This is part of a broader regulatory framework aimed at ensuring transparency and accountability in the dealings of directors, executives, and substantial shareholders.

First IBL Modaraba operates within the designated market category of financial services, and this transaction marks a notable development in the company's ownership dynamics.