Karachi: A significant shift has occurred in the ownership structure of Awwal Modaraba Management Limited (AMML), the management company for First Prudential Modaraba. According to information available from the Pakistan Stock Exchange (PSX), AMML has officially received approval from the Registrar Modaraba of the Securities and Exchange Commission of Pakistan (SECP) to transfer 100% of its shareholding from Pak Brunei Investment Company to WASL Investment Finance Limited. This transition is contingent upon the completion of all legal requirements mandated by current laws.

The transfer of shares to WASL Investment Finance is poised to finalize once all necessary corporate formalities are addressed. This approval aligns with the directives outlined in Section 96 and 130 of the Securities Act, 2015, and the Rule Book of the Pakistan Stock Exchange Limited.

Stakeholders, including the Certificate holders of the Exchange, have been advised of these developments, ensuring transparency and compliance with regulatory standards.