First Dawood Properties Divests Shares of 786 Investments Ltd

First Dawood Properties Limited announced on Thursday the successful sale of 2,246,070 shares of 786 Investments Ltd.

In a notice submitted to the Pakistan Stock Exchange, the company stated that these shares were held in a blocked Central Depository Company account to accumulate necessary cash reserves.

The notification to the exchange read, “This capital is now available for investment in the company’s primary business operations.”

First Dawood Properties Limited is a public company, established in Pakistan in accordance with the now-repealed Companies Ordinance, 1984 (currently replaced by the Companies Act, 2017).

The company’s main activities include real estate, property management, and other ventures as detailed in its Memorandum and Articles of Association.