Karachi: In a recent development on August 18, 2025, Shaheen Insurance Company Limited announced the transfer of nominee bonus shares from its directors to Shaheen Foundation. The transaction, disclosed under the Pakistan Stock Exchange (PSX) Regulation 5.6.4, involved the transfer of shares from five directors, each transferring 120 physical shares to the foundation.

The directors involved in this transaction include Mr. Junaid Ahmed Siddiqui, Mr. M. Qaiser Janjua, Mr. Waseem Ahmed Khan, Air Commodore Tauseef Sadiq (Retd.), and Mr. Adeel Ali. Each director's shareholding has been reduced to nil following the transfer. According to information available from the Pakistan Stock Exchange (PSX), these transactions were carried out as part of compliance with the regulatory framework governing executive transactions.

The transfer of shares to the Shaheen Foundation is a routine internal adjustment reflecting the company's adherence to PSX regulations. The Shaheen Foundation, now the custodian of these shares, continues its engagement with Shaheen Insurance Company Limited as part of its broader investment strategy in the designated market category.

This disclosure was submitted to ensure transparency in transactions executed by directors, executives, and substantial shareholders, as mandated by the PSX. The company has requested the circulation of this information to certificate holders of the exchange, reaffirming its commitment to regulatory compliance and shareholder communication.