KUALA LUMPUR: Tan Sri Muhammad Ikmal Opat Abdullah, through his personal capacity and private entity Widad Business Group Sdn Bhd (WBG), has bought 186.05 million shares or a 7.58 per cent stake in Widad Group Bhd.
The acquisitions were made via a few open market and off-market transactions on July 16 and July 17.
This increases Muhammad Ikmal's stake in the listed entity to 71.99 per cent.
Widad, in a statement today, this had once again sent out a message on his confidence on the prospects and business model of the company.
Based on filings with Bursa Malaysia last Friday, Muhammad Ikmal had on July 16 acquired 6.5 million shares or a 0.25 per cent stake from the open market and an off-market transaction.
He bought another block of shares totalling 180 million units or a 7.33 per cent stake via his private entity WBG idad on July 17.
The transaction was done off-market.
The move follows his major acquisition on June 22 of a total of 60.61 million shares or a 2.5 per cent stake in Widad to increase his total stake to 64.20 per cent.
Currently, Muhammad Ikmal has a direct and indirect shareholding of 4.80 per cent and 67.19 per cent respectively in Widad, making up a total stareholding of 71.99 per cent.
He is the founder, group executive chairman and group leader of WBG, which provides jobs to more than 1,500 people nationwide.
The group has diversified its activities in integrated facility management, construction, operations and maintenance, mechanical and electrical services, building automation system, energy management, property development, education, media and ICT services, hospitality, aquaculture and oil and gas.