Karachi: EFU General Insurance Ltd has disclosed significant share transactions involving its chairman, Saifuddin N. Zoomkawala, and his spouse, Lulua Saifuddin N. Zoomkawala. According to the announcement made on July 14, 2026, these transactions were executed on July 13, 2026, under the Pakistan Stock Exchange regulations.
Saifuddin N. Zoomkawala, the chairman of EFU General Insurance, sold 16,600 shares at a rate of 122.79 each. Following this transaction, his cumulative shareholding stands at 300,200 shares, representing a cumulative percentage of 0.15% of the company's total shares.
Lulua Saifuddin N. Zoomkawala, the chairman's spouse, also participated in the selling activity, disposing of 2,000 shares at a rate of 123.00. Her cumulative shareholding post-transaction is 790,000 shares, accounting for 0.40% of the company's shares.
These transactions are set to be reviewed in the upcoming board meeting, ensuring compliance with the company's governance protocols. It is confirmed that the holding period for these transactions exceeded six months. If transactions occur within a six-month period, any profit must be deposited with the Securities and Exchange Commission of Pakistan (SECP), as mandated by Section 105 of the Securities Act, 2015, with notification to the Pakistan Stock Exchange.
According to information available from the Pakistan Stock Exchange (PSX), no other director, CEO, or executive of EFU General Insurance Ltd has engaged in share dealings during the closed period. The transactions fall under the designation market category.
EFU General Insurance Ltd remains committed to transparency in its dealings, as evidenced by the timely disclosure of these transactions.