Karachi, Saif Maqbool, an executive at Crescent Fibres Limited, a prominent listed company, has disclosed a series of substantial share transactions involving himself, his spouse, and the company’s substantial shareholders. These transactions were made public in accordance with regulatory requirements to ensure transparency and accountability.

Saif Maqbool, holding the position of an executive within the company, received a gift of 50,000 shares from an undisclosed source. The transaction was executed through the Central Depository Company (CDC) and was conducted at a rate of 0.00 per share. The shares were held in CDC form.

This pattern continued with two subsequent transactions on August 15 and August 16, 2023. Saif Maqbool again received gifts of shares through the CDC. On August 15, he acquired 150,000 shares with a stated rate of 0.00 per share. The following day, on August 16, he received a substantial gift of 600,000 shares at the same rate of 0.00 per share. Both of these transactions were in CDC form as well.