Karachi: IBMU Builders (Pvt) Limited has announced a significant acquisition of Modaraba certificates from First IBL Modaraba, amounting to 3.07 million certificates. This acquisition represents approximately 14.16% of the paid-up Certificate Capital of First IBL Modaraba, underscoring a strategic investment by IBMU Builders in the financial entity.
The disclosure, dated May 6, 2026, was made in compliance with the Securities Act, 2015, specifically under Section 110. The move is aimed at duly informing regulatory authorities and stakeholders of IBMU Builders’ increased shareholding in First IBL Modaraba.
According to information available from the Pakistan Stock Exchange (PSX), this acquisition marks a significant move in the market for IBMU Builders, showcasing a firm commitment to enhancing its investment portfolio.
First IBL Modaraba operates within the designated market category of Modarabas, a sector that has seen varying degrees of investor interest in recent times. The acquisition by IBMU Builders is anticipated to impact the market dynamics within this category.