Karachi: A significant transaction involving the purchase of shares in Ibrahim Fibres Limited has been carried out by its substantial shareholder, Ibrahim Holdings (Pvt.) Ltd. According to information available from the Pakistan Stock Exchange (PSX), the details of the transaction, which took place on August 6, 2024, indicate that Ibrahim Holdings acquired 107 shares at a price of PKR 350.00 per share through the Central Depository Company (CDC) in the Ready Market.

This transaction is subject to review at the forthcoming board meeting of Ibrahim Fibres Limited, where compliance with PSX Regulations, particularly clause No. 5.6.4, will be assessed. This clause mandates the disclosure of interests by directors, CEOs, or executives of listed companies and their spouses, as well as substantial shareholders.

Additionally, the company has confirmed that the holding period for these shares is over six months. If it were within six months, the profit from the sale of these shares would be required to be deposited with the Securities and Exchange Commission of Pakistan (SECP), in compliance with Section 105 of the Securities Act, 2015. The company would also need to notify the PSX about this deposit.