Karachi: Meezan Bank Limited has announced a recent transaction involving one of its executives, shedding light on the internal shareholding dynamics of the company. On January 24, 2025, Mr. Muhammad Umar Khan Fareedy, an executive at Meezan Bank, sold 5,000 shares of the company. This transaction was conducted in accordance with the Pakistan Stock Exchange (PSX) Regulation 5.6.4, which mandates the disclosure of interest by relevant persons holding company shares.

The transaction involved the sale of shares at a rate of PKR 250 per share, which cumulates to a total transaction value of PKR 1.25 million. Despite this sale, Mr. Fareedy's cumulative shareholding remains at 5,000 shares, representing a 0% change in shareholding percentage. This transaction was executed in the 'CDC Ready' market category.

According to information available from the Pakistan Stock Exchange (PSX), such disclosures are crucial for maintaining transparency in the stock market and ensuring that all stakeholders have access to pertinent information regarding shareholding and transactions by key company executives.

The disclosure aligns with PSX regulations, which aim to foster trust and accountability among listed companies and their executives. Meezan Bank Limited continues to adhere to these regulations, ensuring that all relevant transactions are reported accurately and in a timely manner.