Change in the beneficial ownership in the shares of Pakistan International Bulk Terminal Limited

Karachi, International Finance Corporation informed Pakistan Stock Exchange that they have sold 725,000 of Pakistan International Bulk Terminal Limited. 575,000 shares @ Rs. 33.0154 per share and 150,000 shares @ Rs. 33 per share were sold on July 19, 2016 and July 21, 2016 respectively.

Pakistan International Bulk Terminal Limited was incorporated under the Companies Ordinance, 1984 on March 22, 2010 as a private limited company. On July 11, 2011, the company was converted as an unquoted public company limited. It is in a start up phase and has its registered office located in Karachi.

The company has entered into a build operate transfer contract with the Port Qasim Authority on November 8, 2010 for the exclusive construction, development, operations and management of a coal and clinker/ cement terminals for a period of thirty years.

The services of the company include providing dirty cargo terminal in Pakistan with mechanized handling of cargo.

The symbol “PIBTL” is being used by the stock exchanges for the shares of Pakistan International Bulk Terminal Limited.