Karachi: Sapphire Fibres Limited has announced a transfer of shares involving its non-executive director, Mohammad Abdull. According to a disclosure report dated September 10, 2026, filed under the Pakistan Stock Exchange (PSX) Regulation 5.6.4, Abdull executed a gift-in transaction of shares.

The report details that Mohammad Abdull, serving as a non-executive director, transferred a total of 9,029 shares. This movement of shares was categorized under a gift-in nature and was concluded on September 9, 2026. The transaction did not specify the market rate of the shares at the time of transfer.

According to information available from the Pakistan Stock Exchange (PSX), the cumulative number of shares held by the individual post-transaction stands at 22.82 million. This represents a 0.73% stake in the company's shares, marking a very large or significant move in the context of individual shareholding adjustments.

This transaction forms part of the broader designated market category of shareholding adjustments and disclosures necessary under PSX regulations, ensuring transparency in the stock market dealings of company insiders and substantial shareholders.