Karachi: In a recent disclosure under Pakistan Stock Exchange (PSX) Regulation 5.6.4, First IBL Modaraba announced a significant transaction executed by one of its substantial shareholders. According to the statement, the transaction was carried out by Dosslani Securities Private Limited, a substantial shareholder of the company.

The transaction involved the sale of 1,425,765 shares at a rate of 0.10 by Dosslani Securities Private Limited. Following this sale, the cumulative number of shares held by the shareholder now stands at 3,569,999, representing a cumulative percentage of 16.49% of the company’s total shares.

This disclosure is part of the regulatory requirements for transparency set by the PSX. According to information available from the Pakistan Stock Exchange (PSX), such disclosures are essential for maintaining market integrity and providing current stakeholders with necessary insights into the shareholding patterns of companies listed on the exchange.

First IBL Modaraba operates within the designated market category of modarabas, which are Islamic financial institutions offering various Shariah-compliant investment and financing products. The transaction date is recorded as February 27, 2025, marking a future transaction date in the company’s disclosure.