Karachi: S.G. Power Limited announced that its Chief Executive Director, Mr. Sohail Ahmed, has sold 3,000 shares of the company in a private transaction. The sale occurred on September 11, 2024, and the shares were sold through the Central Depository Company (CDC).
The transaction involving the shares of S.G. Power Limited was disclosed by the company in compliance with the Pakistan Stock Exchange regulations. According to information available from the Pakistan Stock Exchange (PSX), the shares were sold at various rates, although specific pricing details were not disclosed.
The company has stated that this transaction will be discussed at the upcoming board meeting, as stipulated under clause 5.6.1 of the PSX Regulations. This clause requires board consideration for transactions involving directors to ensure transparency and governance compliance.