Karachi: In a significant move within the equity market, M/s. Ibrahim Holdings (Pvt.) Ltd., a substantial shareholder and sponsor of the Company, has executed a transaction to purchase shares, thereby consolidating its shareholding position. This development was officially disclosed under the Pakistan Stock Exchange (PSX) Regulation 5.6.4, which mandates the disclosure of interest by relevant persons holding company shares.

On January 23, 2025, Ibrahim Holdings executed a buying transaction in the ready market, purchasing an additional share at a rate of 350.00 per share. This transaction has bolstered their cumulative shareholding to a substantial 285.07 million shares, which accounts for 91.81% of the total shares of the Company.

According to information available from the Pakistan Stock Exchange (PSX), this transaction underscores the influential role of Ibrahim Holdings within the Company's shareholder structure. The acquisition by the substantial shareholder indicates a strategic move to further strengthen its influence and control in the Company, a significant player in its designated market category.

The transaction by Ibrahim Holdings reflects a consistent trend of consolidation and strategic investment by major stakeholders in the market, highlighting the dynamic nature of equity trading in Pakistan. The disclosure of this transaction aligns with regulatory requirements, ensuring transparency and accountability in the market operations.