Karachi, Ibrahim Fibers Limited has made a significant disclosure regarding a transaction by one of its substantial shareholders, in accordance with clause 5.6.4 of the PSX Regulations. The details of this transaction are as follows:
Transaction Details:
Name of Person: M/s. Ibrahim Holdings (Pvt.) Ltd. (Substantial Shareholder/Sponsor)
Date of Transaction: October 2, 2023
Nature of Transaction: Buy
Number of Shares: 1500
Rate: 250.00
Form of Share Certificates: CDC (Central Depository Company)
Market: Ready
Ibrahim Fibers Limited has assured that these transactions will be presented in an upcoming board meeting, with any non-compliance issues duly highlighted for consideration, as mandated by clause 5.6.4 of the PSX Regulations. Additionally, the company confirms that the holding period for these transactions exceeds six (06) months. In the event that the holding period is within six (06) months, the company has committed to deposit the equivalent profit with the SECP (Securities and Exchange Commission of Pakistan), as stipulated under Section 105 of the Securities Act, 2015. The PSX (Pakistan Stock Exchange) will also be duly informed of such actions.
This disclosure reflects Ibrahim Fibers Limited's commitment to transparency and adherence to regulatory standards in its corporate operations.