Karachi, Century Insurance Company Limited has disclosed a notable transaction involving Mr. Iqbal Ali Lakhani, a Non-Executive Director of the company. The transaction, which took place on September 1, 2023, reflects Mr. Lakhani's commitment to the company's growth and future prospects.
Transaction Details:
Name of Person (Description): Mr. Iqbal Ali Lakhani (Non-Executive Director)
Date: September 1, 2023
Nature: BUY
Number of Shares: 37,000
Rate: PKR 18.03 per share
Form of Share Certificates: CDC (Central Depository Company)
Market: Ready
Mr. Iqbal Ali Lakhani's purchase of 37,000 shares at a rate of PKR 18.03 per share underscores his confidence in Century Insurance Company Limited's potential and long-term prospects. This transaction reflects his commitment to aligning his interests with those of the company and its shareholders.
Such transactions by directors and substantial shareholders are often seen as a positive indicator of their belief in the company's future performance and growth. It demonstrates their commitment to the company's success and can instill confidence among other investors and stakeholders.
Century Insurance Company Limited remains dedicated to maintaining transparency in its operations and adhering to regulatory requirements. The company will continue to focus on its strategic objectives and delivering value to its shareholders and policyholders.