Karachi: EFU General Insurance Ltd has reported a share transaction involving one of its independent directors, Yasmin Hyder, who has executed a purchase of shares in the company, as per the disclosure requirements of the Pakistan Stock Exchange (PSX) regulations.

According to the company's disclosure, Yasmin Hyder, an independent director, executed a transaction to buy 1,613 shares of EFU General Insurance Ltd at a rate of 120.00 per share on April 9, 2025. This brings her cumulative shareholding to 87,000 shares, representing 0.04 percent of the company's total shares.

The transaction details have been submitted in compliance with clause 5.6.4 of the PSX regulations, which governs the disclosure of interest by directors, CEOs, executives, and their spouses, as well as substantial shareholders. According to information available from the Pakistan Stock Exchange (PSX), the company plans to present the transaction in the forthcoming board meeting, highlighting any non-compliance issues for consideration.

EFU General Insurance Ltd has also confirmed that the holding period for the transaction exceeds six months. Should the holding period be less than six months, the company is prepared to deposit a cheque equivalent to the profit with the Securities and Exchange Commission of Pakistan (SECP) as stipulated under Section 105 of the Securities Act, 2015, with notification to the PSX.

The transaction falls under the designated market category of the ready market, as specified in the disclosure.