Karachi, Mr. Abdul Aziz Ayoub, the Executive Director of Shahmurad Sugar Mills Limited, has carried out a notable transaction involving the company's shares. The transaction, which took place on September 7, 2023, was categorized as a "GIFT OUT."
Mr. Ayoub's transaction involved a substantial number of shares, totaling 369,706. These shares were transferred at a rate of 0.00 per share. The transfer of shares was executed in the form of CDC (Central Depository Company) shares through CDC, a common practice in the stock market.
This transaction has drawn attention due to its size and the involvement of a key figure within the company. Shareholders and stakeholders of Shahmurad Sugar Mills Limited will likely be keenly interested in the implications of this significant share gift.
It is worth noting that such transactions are subject to regulatory scrutiny and must adhere to applicable laws and regulations governing the stock market. The reasons behind Mr. Ayoub's decision to execute this share gift and its potential impact on the company will likely be topics of discussion among investors and industry experts in the coming days.
The company, Shahmurad Sugar Mills Limited, has not provided further details or comments regarding this transaction at the time of this report. It remains to be seen how this development will influence the company's stock performance and the overall dynamics of its shareholder base in the near future.