Karachi, May 6, 2026 — First IBL Modaraba has formally announced that ZTP (Private) Limited has effectively assumed management control of the Modaraba and its management company, IBL Modaraba Management (Private) Limited.
The development was disclosed through a material information notice submitted to the Pakistan Stock Exchange (PSX). According to the announcement, the transition follows an earlier communication issued on February 16, 2026, regarding the proposed change in management control.
The company confirmed that, as of May 6, 2026, ZTP (Private) Limited, identified as the acquirer, has officially taken over control of both First IBL Modaraba and IBL Modaraba Management (Private) Limited.
The notification was signed by Chief Executive Muhammad Ilyas and submitted to the Pakistan Stock Exchange in compliance with regulatory disclosure requirements.
The change in management control marks a significant corporate development for First IBL Modaraba and is expected to be of interest to investors, stakeholders, and market participants monitoring developments within Pakistan’s Modaraba sector.
Further details regarding the strategic direction and future plans under the new management are expected to emerge in due course.
