Karachi: Jubilee General Insurance Company Limited has announced a significant share acquisition by the spouse of its Director and Chairman, Akbarali Pesnani, as reported under Pakistan Stock Exchange Regulation 5.6.4. The disclosure, made public on April 30, 2025, details the purchase of shares by Ms. Sakina, the wife of Mr. Pesnani.

According to the announcement, Ms. Sakina executed a transaction involving the purchase of 2,000 shares at an average rate of 45 Pakistani Rupees per share. The transaction was conducted in the Central Depository Company (CDC) format, specifically in the ready market segment. Following this acquisition, Ms. Sakina's cumulative shareholding in Jubilee General Insurance now stands at 31,175 shares, representing 0.016% of the company.

The company has confirmed that this transaction will be presented in the subsequent board meeting for further review and discussion. According to information available from the Pakistan Stock Exchange (PSX), such disclosures are mandated to ensure transparency in shareholding changes by individuals closely associated with companies.

Jubilee General Insurance operates within the insurance market category and is known for providing various insurance solutions to its clientele. The company's adherence to disclosure regulations highlights its commitment to corporate governance and transparency in financial dealings.