Lahore: Ibrahim Holdings (Pvt.) Ltd., a substantial shareholder and sponsor of Ibrahim Fibers Limited, has increased its stake in the company, according to a disclosure filed under PSX Regulation 5.6.4. This transaction was executed on January 20, 2025, and involved the purchase of 6,798 shares at a rate of 350.00 per share.

Following this acquisition, Ibrahim Holdings (Pvt.) Ltd. now holds a cumulative total of 285.07 million shares, which constitutes 91.81% of Ibrahim Fibers Limited's shares. The transaction was conducted in the ready market, as confirmed by the Central Depository Company (CDC).

According to information available from the Pakistan Stock Exchange (PSX), this transaction underscores the continued confidence and interest of substantial shareholders in the company's growth and market potential. The transaction places Ibrahim Fibers Limited firmly within the textile manufacturing sector, a key driver of the country's economy.

The increase in shareholding by Ibrahim Holdings (Pvt.) Ltd. is expected to reinforce the company's strategic position and potentially influence its future ventures in the textile industry.