The TRGI Board has approved the allocation of its liquid assets to its shareholders, “TRG Pakistan will receive its portion of the liquid assets of approximately USD 120mn (inclusive of approximately USD 10 million in deferred cash).

The TRG will also receive approximately 5.4 million shares of its listed portfolio company, Ibex Limited.

The process and structure for utilization of the above allocation is expected to be finalized by 31 December 2021.

Courtesy – ‘Spectrum Research’