Karachi: Siemens AG-Germany, a substantial shareholder in Siemens (Pakistan) Engineering, has executed a transaction involving the purchase of additional shares, as per the disclosure requirements under Pakistan Stock Exchange (PSX) Regulation 5.6.4. The transaction report, dated August 12, 2026, details the recent activity undertaken by the German conglomerate.
According to the report, Siemens AG-Germany acquired 45 shares in the ready market on August 11, 2026. The shares were purchased at a rate of 1,516.00 each. This transaction has increased the cumulative number of shares held by Siemens AG-Germany to 7,774,512, a move that represents a substantial ownership of the company's stock, accounting for 94.27% of the total shares, which is a very large or significant move.
According to information available from the Pakistan Stock Exchange (PSX), this transaction marks an important development in the company's shareholder dynamics, further consolidating Siemens AG-Germany's position as a dominant stakeholder in Siemens (Pakistan) Engineering.
The designated market for this transaction was the ready market, and the form of share certificate utilized was the Central Depository Company (CDC), aligning with standard practices for high-value share transactions within the region. This move underscores the strategic interest Siemens AG-Germany has in its Pakistani subsidiary, as it continues to fortify its presence in the engineering sector.