Karachi: On March 27, 2025, significant transactions involving TPL REIT Fund-I, managed by TPL REIT Management Company Limited (TPL RMC), were disclosed. The transactions, executed by Muhammad Ali Jameel, a director of TPL RMC, involved the purchase of 10,998,868 shares at a rate of Rs. 13.54 per share. This acquisition was facilitated through the Central Depository System (CDS) in the ready market. The cumulative shareholding for Jameel now stands at 10,998,868 shares, representing 0.60% of the total.

According to information available from the Pakistan Stock Exchange (PSX), the transactions were executed as TPL Properties Limited sold units to raise financing through mutual funds against available Universal Identification Number (UIN) limits. The sale was reportedly part of a broader financial strategy aimed at optimizing resource allocation within the company.

The disclosure of these transactions is in compliance with clause No. 5.6.4 of the PSX Regulations, which mandates the reporting of transactions by directors, CEOs, executives, and their spouses, as well as substantial shareholders. The details of these transactions are expected to be reviewed in an upcoming Board meeting, where any non-compliance issues will be addressed.

The designated market category for TPL REIT Fund-I is the real estate sector. This recent activity highlights the ongoing financial maneuvers within TPL Properties Limited and its affiliates, reflecting strategic decisions aimed at strengthening financial positioning within the competitive real estate market.