Karachi: Fauji Fertilizer Company Limited (FFC) has disclosed a significant transaction made by a member of its senior management, Akbar Fida Hussain, involving the sale of company shares. This disclosure was made under the Pakistan Stock Exchange (PSX) Regulation 5.6.4, which mandates the reporting of share transactions by key individuals associated with the company.

On January 22, 2025, Akbar Fida Hussain, a member of the senior management team at FFC, executed a sale of 10,000 shares. The shares were sold at a rate of 394.00, bringing the cumulative number of shares held by Hussain to 11,892. Despite this transaction, the cumulative percentage of shares held remains at 0.00, indicating a minimal impact relative to the total shareholding.

This transaction was conducted in the 'Ready' market, utilizing the Central Depository Company (CDC) system, which facilitates the electronic settlement of transactions. The CDC is a common feature in the Pakistani market, ensuring secure and efficient handling of share transactions.

According to information available from Pakistan Stock Exchange (PSX), such disclosures are essential for maintaining transparency and trust in the market. They provide investors with insights into the trading activities of individuals who have significant influence over the company’s operations.

Fauji Fertilizer Company Limited operates within the designated market category of fertilizers, a critical sector in Pakistan’s agrarian economy. The company is one of the leading producers of fertilizers, and its performance is closely watched by investors and stakeholders alike. The disclosure of share transactions by individuals in senior positions is a part of the company's commitment to regulatory compliance and corporate governance.