First IBL Modaraba (FIBLM)

First IBL Modaraba has announced that ZTP (Private) Limited has officially assumed control of the Modaraba and its Management Company, IBL Modaraba Management (Private) Limited, effective May 6, 2026.

ZTP (Private) Limited has acquired 7,952,584 Modaraba certificates of First IBL Modaraba, representing a 36.67% stake in the company's paid-up certificate capital. This acquisition establishes ZTP (Private) Limited as a substantial shareholder in First IBL Modaraba.

IBMU Builders (Private) Limited has acquired 3,070,000 Modaraba certificates of First IBL Modaraba, representing approximately 14.16% of its paid-up certificate capital. This acquisition establishes a substantial shareholding in the company for strategic investment purposes.