Karachi: A series of significant transactions involving the purchase of shares by a key executive of TPL REIT Management Company Limited has been disclosed, according to a regulatory filing. The transactions, executed by Muhammad Ali Jameel, the Director of TPL REIT Management Company Limited, were reported as part of compliance with PSX regulations.

On June 18, 2025, Muhammad Ali Jameel purchased a total of 2,999,900 shares of TPL REIT Fund I at varying rates per share. The transactions were made through the Central Depository System (CDS) in the ready market. This activity resulted in a minor move, as his cumulative shareholding increased to 16.00 million shares, which constitutes 0.87% of the total shares.

Further transactions were reported on June 19, 2025, when Jameel acquired an additional 2.00 million shares at a rate of Rs. 12.00 per share, also through the CDS in the ready market. The transactions executed by Jameel indicate a continued interest in increasing his stake in the Fund, managed by TPL REIT Management Company Limited.

According to information available from the Pakistan Stock Exchange (PSX), these transactions are part of a strategic move by TPL Properties Limited to raise financing through margin financing against available UIN limits. The transactions and any potential non-compliance with PSX regulations will be reviewed in an upcoming Board meeting, in accordance with clause No. 5.6.4 of PSX Regulations.

The transactions are indicative of strategic financial maneuvers within TPL REIT Management Company Limited, as the company continues to navigate the financial markets under the designated market category of asset management.