Karachi: S.G. Power Limited announced the sale of shares by its Chief Executive and Director, Mr. Sohail Ahmed, in a recent disclosure to the public. According to the company's statement, Mr. Ahmed executed a transaction involving the sale of 100,000 shares on April 12, 2024. These shares were sold in physical form, but the rate at which they were sold was not specified in the disclosure.

According to information available from the Pakistan Stock Exchange (PSX), such transactions are mandated to be disclosed to ensure transparency and maintain investor confidence. This sale by Mr. Ahmed falls under the category of “Other-Out,” a term used to describe transactions that do not fit into regular buy or sell categories but still involve the transfer of shares.

This disclosure comes as part of regular compliance measures that companies are required to adhere to in order to provide stakeholders with up-to-date information regarding significant changes in shareholding by individuals in key positions.