Karachi: Reliance Insurance Company Limited has disclosed the execution of share transactions involving its non-executive director, Noor Muhammad Zakaria, as per the company's regulatory requirements. The information was shared in compliance with the Pakistan Stock Exchange (PSX) Regulation 5.6.4, which mandates the disclosure of interests by relevant persons holding the company's shares.

The transaction, dated August 7, 2025, involved Noor Muhammad Zakaria receiving a gift of shares. The non-executive director acquired 356,897 shares, making it a gift-in transaction. According to information available from the Pakistan Stock Exchange (PSX), this acquisition brought the cumulative shares held by Zakaria to 3,013,834, representing a cumulative percentage of 3.00% of the company's total shares.

The report is part of a routine disclosure process that ensures transparency in the dealings of directors, executives, and substantial shareholders of the company. The transaction details will be presented by the Company Secretary at the next meeting of the Board of Directors. The minutes of this meeting will be duly recorded and submitted through the appropriate channels.

The disclosure also noted the mandatory holding period for such transactions, which must exceed six months unless a profit equivalent to the transaction is deposited with the Securities and Exchange Commission of Pakistan (SECP) under the Securities Act, 2015. The company reiterated that no director, CEO, or executive is permitted to engage in share dealings during the closed period.

Reliance Insurance Company Limited is classified under the designated market category for insurance companies. The regulatory requirements underscore the importance of maintaining good corporate governance and transparency in the market.