Karachi: The United Insurance Company has announced a significant transaction involving its Chief Executive Officer and Director, Mr. Muhammad Akram Shahid. This disclosure comes in accordance with the Pakistan Stock Exchange (PSX) Regulations 5.6.4, highlighting Mr. Shahid's involvement in the company's share activities.

The transaction, executed on May 16, 2025, involved the distribution of bonus shares. Mr. Shahid acquired 3,431,125 shares, increasing his cumulative holdings to 22,492,935 shares. This acquisition represents a cumulative percentage of 5.4056% of the company's total shares.

According to information available from the Pakistan Stock Exchange (PSX), this transaction was conducted through the Central Depository Company (CDC), ensuring a secure and efficient transfer of shares. The designated market category for this transaction is CDC.

The transaction underscores the CEO's ongoing commitment to the company, reflected in his significant shareholding. The disclosure remains a key requirement under PSX regulations, ensuring transparency and accountability in such transactions.