Islamabad: Pak Datacom Ltd. has reported a recent transaction involving one of its directors, Muhammad Waheed, as per the Pakistan Stock Exchange (PSX) regulations. The disclosure, required under PSX Regulation 5.6.4, details Waheed's acquisition of company shares through inheritance.

On July 12, 2024, Muhammad Waheed, a non-executive director of Pak Datacom Ltd., inherited 328,126 shares of the company. According to information available from the Pakistan Stock Exchange (PSX), the transaction was recorded through the Central Depository Company (CDC) system.

Following this transaction, the cumulative number of shares held by Waheed increased to 328,731, representing a 2.77% stake in the company. The rate for the acquired shares was recorded at zero, indicating their transfer through inheritance.

Pak Datacom Ltd. is required to disclose such transactions involving directors and other relevant persons to ensure transparency and compliance with PSX regulations.