Karachi: In a recent transaction disclosed by Burj Clean Energy Modaraba, Nabeel Anjum Malik, serving as an Executive Director, has acquired shares in the company. The transaction, executed on August 4, 2025, involved the purchase of 1,000 shares at a market rate of 11.41, reflecting a Minor move in the shareholding percentage.
According to information available from the Pakistan Stock Exchange (PSX), the transaction was conducted through the Central Depository Company (CDC) in the ready market segment. The cumulative percentage impact on the company's shares remains categorized as a Minor move, indicating minimal fluctuation in overall share distribution.
As per PSX Regulation 5.6.4, disclosure of interest by relevant persons holding shares of the company is mandated. This requires the transaction details to be presented by the Company Secretary at the forthcoming Board of Directors meeting. Furthermore, any transactions executed by directors, executives, or substantial shareholders must adhere to a holding period exceeding six months unless profits are remitted to the Securities and Exchange Commission of Pakistan (SECP) as stipulated by Section 105 of the Securities Act, 2015.
The transaction details have been updated in the company's UIN Management System, ensuring compliance with regulatory requirements. The designated market category for this disclosure is the 'Gem' category.