Karachi: EFU General Insurance Ltd has disclosed a recent transaction involving the purchase of shares by one of its independent directors, Yasmin Hyder. On April 11, 2025, Hyder executed a buy transaction in the ready market, acquiring 1,588 shares at a rate of 116.00 per share. This transaction brings her cumulative shareholding in the company to 88,588 shares, representing a cumulative percentage of 0.04%.

According to information available from the Pakistan Stock Exchange (PSX), this transaction will be reviewed and presented at the upcoming board meeting of EFU General Insurance Ltd. The review will include a detailed examination of any non-compliance issues, as required under clause No. 5.6.4 of PSX Regulations.

EFU General Insurance Ltd has further confirmed that the holding period for this transaction exceeds six months. In the event that the holding period is less than six months, any profit derived from the transaction will be deposited with the Securities and Exchange Commission of Pakistan (SECP), in compliance with Section 105 of the Securities Act, 2015, with corresponding intimation to the PSX.

This development aligns with the regulatory requirements for disclosures of interest by directors, CEOs, executives, their spouses, and substantial shareholders under PSX regulations, ensuring transparency in market activities.