Karachi: In a recent disclosure to the Pakistan Stock Exchange, Soneri Bank Limited announced that its executives, including the Chairman and a Director, have acquired shares in the bank through inheritance. The transactions were executed on November 26, 2024, and involve a significant number of shares.

According to information available from the Pakistan Stock Exchange (PSX), Mr. Amin A. Feerasta, Chairman of Soneri Bank Limited, and Mr. Ahmed A. Feerasta, a Director, each inherited 2,940,198 shares. The shares were acquired through the Central Depository Company (CDC), and no cost was applicable as they were obtained via succession. This transaction has increased their cumulative shareholding to 2,945,599 shares each, representing a 0.27 percent stake in the bank.

The bank confirmed that these transactions will be presented at the forthcoming board meeting for consideration under PSX Regulation clause 5.6.4. The board will review the transactions, including any potential non-compliance issues, and report back to the exchange.