Karachi: In a notable transaction involving the Hub Power Company Limited, Saad Iqbal, an independent director of the firm, has expanded his stake in the company by acquiring additional shares. This transaction was executed on August 10, 2026, as per the recent disclosure.

According to the report dated August 11, 2026, Saad Iqbal purchased a total of 198,378 shares at a rate of 214.38 per share. This acquisition was conducted in the ready market, increasing his cumulative shareholding to 812,248 shares, which represents 0.06% of the company's shares.

The transaction falls under the disclosure requirements as outlined by the Pakistan Stock Exchange (PSX) regulation 5.6.4. According to information available from the Pakistan Stock Exchange (PSX), such disclosures are mandatory for directors, executives, substantial shareholders, and their close relatives.

This particular purchase reflects a minor move in Saad Iqbal's shareholding percentage, indicating a modest increase in his investment in the company. The designated market category for this transaction was the ready market, as specified in the disclosure details.