Karachi: A substantial financial transaction involving the major shareholders of First Credit and Investment Bank Limited was disclosed, highlighting a significant move of shares within the company. According to the information shared on July 10, 2025, a notable transaction was executed by Sardar Mohammad Ashraf D. Baluch (Pvt.) Ltd, resulting in the transfer of 4,801,703 shares.

The transaction, dated July 4, 2025, involved a transfer-out of the shares in question, with the settlement date confirmed as July 8, 2025. The cumulative number of shares after this transaction reached 12.79 million, accounting for 19.68% of the company's total shareholding, indicating a very large or significant move in the shareholding structure.

According to information available from the Pakistan Stock Exchange (PSX), this transaction will be reviewed in an upcoming board meeting. The review will include an assessment of any non-compliance with PSX regulations under clause 5.6.4. The company has assured that the necessary information will be disseminated to market participants in accordance with regulatory requirements.

The transaction has been categorized under the designated market category of the Central Depository Company (CDC) Non-Deliverable Market (NDM). The market participants have been notified to ensure transparency and compliance with the regulatory framework governing such transactions.

The disclosure underscores the ongoing dynamics within the shareholding structure of First Credit and Investment Bank Limited and reflects the regulatory compliance measures as per the PSX regulations.