About the company:

The leading player in synthetic textiles, Ibrahim Fibres Limited (PSX:IBFL) is one of the largest producers of polyester in the country. With nearly Rs17 billion in market capitalisation, the company takes its place in the KSE100 index.

The company's core business is the production of polyester staple fibre (PSF). Its three polyester plants in Faisalabad have the capacity to produce almost 400,000 tons of PSF. In addition, the firm operates in the spun yarn segment, dividing its operations into three textile plants. One of these plants is the company's own, while the other two are acquisitions - previously A.A Textile and Zainab Textile. Collectively, these three plants give Ibrahim Fibres over 136,000 spindles to its name. Ibrahim Fibres also has two power plants whose power generation capacity is 73.3 MW.

Finally, the consortium of Ibrahim Leasing Limited and Ibrahim Group assumed control of Allied Bank in August 2004 by injecting Rs14.2 billion into the capital of Allied Bank, acquiring 325 million additional shares of the company. Allied Bank often makes a healthy contribution to the company's financials, beefing up the bottom line by contributing the share of profit of associate.