Karachi: Oilboy Energy Limited, a prominent player in the energy sector, has disclosed significant transactions involving its executive shares. On July 16, 2026, the company reported that Mr. Farhan Abbas Sheikh, an executive of the company, executed a substantial sale of shares late last year.
According to the report, Mr. Sheikh sold 6,669,315 shares on November 19, 2025. The shares were sold at a rate of 8.76 per share and were part of the Central Depository Company (CDC) system, specifically within the ready market category.
According to information available from the Pakistan Stock Exchange (PSX), this transaction represents a significant move. The company has affirmed that these transactions will be discussed in an upcoming board meeting, where any potential non-compliance with the PSX regulations will be addressed and duly highlighted.
This disclosure adheres to the requirements under clause No. 5.6.4 of the PSX Regulations, ensuring transparency and regulatory compliance.