Karachi: Muhammad Umar Khan Fareedy, an executive at Meezan Bank Limited, has executed a transaction involving the purchase of additional shares of the bank. The transaction, disclosed on April 8, 2025, aligns with the regulatory requirements set forth by the Pakistan Stock Exchange (PSX).

The transaction details reveal that Fareedy acquired 1,900 shares at a rate of PKR 245.80 per share. This acquisition brings his cumulative shareholding in Meezan Bank to 6,900 shares. The transaction was classified under the market category designated as 'Ready' and was completed on April 7, 2025.

According to information available from the Pakistan Stock Exchange (PSX), the transaction was conducted in compliance with PSX Regulation 5.6.4, which mandates the disclosure of interest by relevant persons holding the company's shares. This ensures transparency and accountability within the trading activities of company executives.

The cumulative shareholding of Fareedy as a result of this transaction remains at 0% in terms of percentage ownership, reflecting the relatively small scale of the acquisition in comparison to the total outstanding shares of Meezan Bank Limited.