Karachi: Engro Holdings Limited has made a significant disclosure regarding a recent transaction in its shares by a relevant person, in accordance with the Pakistan Stock Exchange (PSX) Regulation 5.6.4. The transaction involved the spouse of a non-executive director, reflecting the ongoing commitment and vested interest of key stakeholders in the company.
On January 21, 2025, Kulsum Dawood, the spouse of Hussain Dawood, who serves as a non-executive director at Engro Holdings Limited, executed a purchase of shares. The transaction involved the acquisition of 21,500 shares at a rate of 229.80 each. This transaction was carried out on the ready market, as per the details disclosed by the company.
The cumulative number of shares held by Kulsum Dawood after this transaction now stands at 20.65 million, representing a cumulative percentage of 1.72% of the total shares of Engro Holdings Limited. This acquisition reflects her continued investment and belief in the company's long-term potential and performance in the designated market category.
According to information available from the Pakistan Stock Exchange (PSX), the transaction executed by a relevant person, such as the spouse of a non-executive director, is a noteworthy development. It highlights the engagement of significant stakeholders in the company's financial dynamics.
Engro Holdings Limited, a prominent entity in Pakistan's corporate landscape, continues to abide by the regulations set forth by the PSX, ensuring transparency and accountability in its financial disclosures. The recent transaction underscores the confidence of key individuals in the company's strategic direction and growth prospects.