Karachi: Pakistan Hotels Developers Limited (PHDL) disclosed a significant share transaction involving an executive director, in compliance with the Pakistan Stock Exchange (PSX) regulations. According to information available from the Pakistan Stock Exchange (PSX), Mr. Muzaffar Baweja, Executive Director at PHDL, gifted 200,000 shares of the company. The transaction, registered through the Central Depository Company (CDC), was executed on September 24, 2024.

The gifted shares, valued at 0.00 each, have adjusted Mr. Baweja's total holdings in PHDL to 811,433 shares, representing a cumulative shareholding of 4.50%. This disclosure aligns with the PSX Regulation 5.6.4, which mandates transparency concerning transactions by directors, CEOs, executives, substantial shareholders, and their families.

The transaction underscores the commitment of PHDL's leadership to adhere to regulatory standards and ensure transparency in its financial dealings. The market category designated for this transaction is through the CDC, indicating the electronic handling and registration of the shares involved.