Lahore: IGI Life Insurance Limited has reported a recent acquisition of shares by a relevant person associated with the company, as per the Pakistan Stock Exchange (PSX) regulations. The transactions involved the purchase of shares by Syeda Nighat Ali, the spouse of Syed Yawar Ali, a non-executive director of IGI Life Insurance Limited.

The disclosure, made under PSX Regulation 5.6.4, detailed two separate transactions executed on April 8, 2025. The first transaction involved the purchase of 2,400 shares at a rate of 15.05 per share. Following this acquisition, the cumulative number of shares held by Syeda Nighat Ali reached 509,456, representing a cumulative percentage of 0.30% of the company's shares.

The second transaction on the same date involved the purchase of an additional 4,000 shares at a rate of 15.10 per share. This acquisition increased her overall holdings to 513,456 shares, maintaining the cumulative percentage at 0.30%.

According to information available from the Pakistan Stock Exchange (PSX), these transactions are categorized under the ready market, with the shares held in Central Depository Company (CDC) form.

The disclosure of interest by relevant persons holding the company's shares is a procedural requirement to maintain transparency and inform the market of changes in significant shareholdings within the company.