Karachi: In a recent disclosure, Tariq Corporation Limited announced significant transactions involving its director, Ahmed Ali Tariq, and his spouse, Maryam Habib. The transactions, which occurred over a span of several days, were reported as part of compliance with the Pakistan Stock Exchange (PSX) Regulation 5.6.4. The report, dated September 11, 2026, details the sale of both preference and ordinary shares by the concerned individuals.

Ahmed Ali Tariq, the director of the company, executed multiple sales of preference shares. On September 7, 2026, he sold 64,000 shares at a rate of 10.01, resulting in a cumulative shareholding of 5.54 million shares, corresponding to 38.32% of the company's shares. The following day, he sold 305,501 shares at 10.00, reducing his shareholding to 5.23 million shares, and his percentage to 36.21%. This was followed by additional sales from September 9 to September 11, 2026, with the final transaction involving 103,489 shares at a rate of 09.45, leaving him with 5.00 million shares, equating to 34.61% of the total shares. The sales represented a significant move in terms of percentage shareholding reduction.

According to information available from the Pakistan Stock Exchange (PSX), these transactions are conducted in compliance with the regulatory framework, ensuring transparency in shareholding changes by key company personnel.

Maryam Habib, spouse of Ahmed Ali Tariq, also engaged in the sale of ordinary shares. Her transactions began on September 7, 2026, with the sale of 253,500 shares at 19.59, leaving her with 372,018 shares or 0.46% of the company's shares. Subsequent sales were conducted from September 8 to September 11, 2026, with her final transaction involving 82,299 shares at a rate of 18.87. By the end of the reporting period, she had divested her entire shareholding.

These transactions reflect the firm's adherence to regulatory norms and highlight significant movements in shareholding by top company officials. The designated market for these transactions is the PSX, where Tariq Corporation Limited is listed.