Karachi: S.G. Power Limited has announced the sale of shares by its Chief Executive and Director, Mr. Sohail Ahmed, in a recent disclosure to the market. The transactions involve a total of 3,470 shares, executed over two consecutive days in January 2025.

According to the details provided, Mr. Sohail Ahmed sold 2,495 shares of S.G. Power Limited on January 14, 2025, at a rate of 8.90 rupees per share. The shares were in the Central Depository Company (CDC) form. This transaction amounted to a total value of 22,195.50 rupees.

On the following day, January 15, 2025, Mr. Ahmed executed another sale of 975 shares at a rate of 9.05 rupees per share, also in CDC form, bringing in a total sale value of 8,823.75 rupees.

The total value of the shares sold by Mr. Ahmed over the two days is 31,019.25 rupees. These transactions are set to be reviewed in an upcoming Board meeting, adhering to clause 5.6.1 of the Pakistan Stock Exchange (PSX) Regulations.

According to information available from the Pakistan Stock Exchange (PSX), such disclosures are essential for maintaining transparency and trust in the market, crucial for investors and stakeholders alike. S.G. Power Limited, categorized under the energy sector, continues to comply with these regulatory requirements, ensuring that all significant insider activities are communicated promptly.

The company ensures that all relevant stakeholders are informed of these developments as part of its commitment to corporate governance and regulatory compliance.