Shezan International Limited Executive Sells Shares, No Change in Cumulative Holdings

Karachi: Shezan International Limited has disclosed that a transaction involving the sale of shares by a key executive has taken place, with no resultant change in the cumulative ownership percentage. This disclosure was made public under the Pakistan Stock Exchange (PSX) Regulation 5.6.4 on July 2, 2026.

According to the company's statement, Mr. Ahsan Ali Malik, an executive of Shezan International Limited, executed a sale of 1,000 shares on June 23, 2026. The shares were sold at a rate of 251.01 each, through the Central Depository Company (CDC) in the ready market. The transaction did not result in any change in Mr. Malik's cumulative shareholding percentage, which remains at 0.00%.

The disclosure emphasized that the transaction will be reviewed in an upcoming Board meeting, where any non-compliance will be addressed. It was also confirmed that the holding period for the shares exceeded six months. Should the holding period have been less than six months, the profit equivalent would have been deposited with the Securities and Exchange Commission of Pakistan (SECP), as required under Section 105 of the Securities Act, 2015.

The designated market category for this transaction is the ready market. According to information available from the Pakistan Stock Exchange (PSX), all necessary regulatory requirements are being adhered to by Shezan International Limited in managing their executive share transactions.