Karachi: First IBL Modaraba, a key entity in Pakistan's financial sector, has announced a significant transaction executed by one of its prominent figures. Ibrahim Hasan Murad, serving as an Executive Director, has acquired over a million shares of the company, according to a disclosure filed on March 10, 2025.

The transaction, carried out on February 27, 2025, involved the purchase of 1,425,765 shares at a rate of 0.10 per share. This acquisition has increased Murad's cumulative shareholding in First IBL Modaraba to 3,359,834 shares. The updated holding represents a 15.49% stake in the company.

According to information available from the Pakistan Stock Exchange (PSX), disclosures of such transactions are mandated under PSX Regulation 5.6.4. This regulation requires relevant persons, including directors and executives, to report any changes in their shareholding.

First IBL Modaraba is classified under the designated market category in Pakistan, and the recent acquisition by Murad underscores the continued investment interest in the company. The disclosure highlights the importance of transparency and regulatory compliance in maintaining market integrity.