Jahangir Siddiqui Increases Stake in His Company

Karachi, Jahangir Siddiqui & Co. Ltd. has announced a significant acquisition of its Class 'A' Preference Shares by its namesake, Mr. Jahangir Siddiqui, enhancing his total shareholding. According to information available from the Pakistan Stock Exchange (PSX), Mr. Siddiqui purchased an additional 11,500 shares, bringing his total ownership to 75,838,661 shares as of May 23, 2024.

The shares were bought over two days, with transactions on May 22, where 10,000 shares were acquired at a price of 6.75 per share, and on May 23, an additional 1,500 shares were bought—1,000 at the same price of 6.75 and 500 shares at a price of 6.85. All shares were purchased in electronic form through the Central Depository Company (CDC) in ready market transactions.

This strategic acquisition follows the disclosure requirements under clause 5.6.4 of the Rule Book of the Pakistan Stock Exchange Limited. The company, located at The Centre on Abdullah Haroon Road in Karachi, communicated these details through its Company Secretary, Muhammad Babar Din.