Karachi: Waves Corporation Limited has disclosed recent transactions involving its directors and executives under the Pakistan Stock Exchange (PSX) Regulation 5.6.4. According to the announcement dated October 8, 2025, the trades took place on September 25, 2025, and involved the buying and selling of substantial shares by key individuals within the company.
The transactions included Haroon Ahmad Khan, the Executive Director, who executed both a sale and a purchase transaction. He sold 2.28 million shares in the ready market, followed by a purchase of the same amount in the NDM market. The cumulative percentage of shares held by Haroon Ahmad Khan post-transaction stands at 33.98%.
Nighat Haroon Khan, a Non-Executive Director, was involved in a similar pattern of transactions. She sold 3.13 million shares in the ready market and then acquired the same number in the NDM market. Her cumulative shareholding increased to 6.61%.
According to information available from the Pakistan Stock Exchange (PSX), these transactions are part of the routine disclosures required from directors and executives to maintain transparency in trading activities. The company has assured that all necessary protocols, as stipulated by the Securities Act, 2015, are being followed, including the holding period requirements and immediate updates to the UIN Management System.
Waves Corporation Limited has committed to presenting these transactions at the forthcoming Board of Directors meeting and will submit the relevant extracts of minutes via Form-30 through PUCARS.