Karachi: Al Shaheer Corporation Limited has reported a series of share transactions involving key executives and directors, as disclosed under the Pakistan Stock Exchange (PSX) Regulation 5.6.4. The transactions, dated August 13, 2025, detail the acquisition of shares by various officials within the company.

The disclosure, dated August 15, 2025, lists transactions executed by Ghulam Farooq, Farhan Iqbal, Muhammad Ayub Khan Durrani, and Imran Yunus, who are all directors of Al Shaheer Corporation. Each individual purchased 100 shares at a rate of 10.55 per share, resulting in a cumulative purchase of 100 shares for each participant. The transactions, conducted in the ready market category, are classified as a Minor move.

According to information available from the Pakistan Stock Exchange (PSX), these transactions will be presented by the Company Secretary at the upcoming Board of Directors meeting. This presentation is a procedural requirement following such transactions. Further compliance measures include submitting extracts of the meeting minutes through Form-30 of the Correspondence Manual via PUCARS.

The company has emphasized adherence to regulatory requirements concerning the holding period of the shares, which should exceed six months. In instances where the holding period is less, any profit derived is to be deposited with the Securities and Exchange Commission of Pakistan (SECP), as per Section 105 of the Securities Act, 2015. This process ensures transparency and compliance within the designated market category.

Additionally, Al Shaheer Corporation has reiterated that no director, CEO, or executive is permitted to engage in share transactions during the closed period. The company has committed to promptly updating all necessary details in the UIN Management System, in accordance with regulatory obligations.