Karachi: In a significant development within the financial sector, Mr. Abdulla Nasser Hawaileel Al Mansoori, a Director of Bank Alfalah Limited, executed a series of share transactions involving the sale of his holdings in the bank. These transactions were conducted in compliance with Regulation 5.6.4 of the Pakistan Stock Exchange (PSX) Limited, and were officially notified to the public by the bank.

On January 20, 2025, Mr. Al Mansoori sold a total of 338,922 shares at various rates, ranging between 84.25 PKR and 85.10 PKR per share. The transactions were carried out in the Ready market, utilizing the Central Depository Company (CDC) form of share certificates. This significant sale reduced his cumulative shareholding in Bank Alfalah to 96.39 million shares, representing approximately 6.11% of the total shares.

According to information available from the Pakistan Stock Exchange (PSX), the largest single transaction involved the sale of 138,779 shares at a price of 84.50 PKR, while other notable transactions included 50,000 shares sold at both 84.25 PKR and 84.60 PKR. Additionally, smaller transactions of 2 shares at 84.68 PKR and 5,752 shares at 84.80 PKR were also recorded.

These transactions reflect Mr. Al Mansoori's strategy to adjust his investment portfolio, impacting his percentage shareholding in Bank Alfalah. The designated market category for these transactions is the Ready market, which is known for enabling prompt settlement of share trades.

The series of transactions not only highlights the dynamic nature of shareholding adjustments but also underscores the regulatory compliance framework that governs such activities on the PSX.