Karachi: In recent developments concerning The Searle Company Limited, there has been a notable transaction involving the sale of shares by a relevant person associated with the company. On February 13, 2025, it was disclosed under the Pakistan Stock Exchange (PSX) Regulation 5.6.4, that Naeem Idrees Allawala, the spouse of Faiza Naeem, who is a Non-Executive Director of The Searle Company Limited, engaged in share transactions on the stock exchange.

According to the details provided, two separate transactions were executed involving the sale of company shares. The first transaction took place on February 3, 2025, where 100,000 shares were sold at a rate of 107.21 per share, contributing to a cumulative shareholding of 290,992 shares, which represents 0.06% of the company's total shares. The following day, February 4, 2025, a second transaction was conducted, involving the sale of an additional 60,000 shares at a rate of 105.40 per share. After this transaction, the cumulative number of shares held amounted to 230,992, representing 0.05% of the company's total shares.

This disclosure is in accordance with the PSX regulations that mandate the reporting of transactions by directors, executives, substantial shareholders, and their immediate family members. Such transparency is crucial for maintaining investor confidence and market integrity.

These transactions were executed in the Ready Market category, where shares are traded and settled on a regular basis. The sale of shares by a substantial shareholder's family member can often be a point of interest for investors and analysts, as it may influence perceptions of the company's future prospects.

According to information available from the Pakistan Stock Exchange (PSX), the timely disclosure of these transactions ensures that the market remains informed about the shareholding changes among those closely associated with The Searle Company Limited. This adherence to regulatory requirements underscores the company's commitment to maintaining transparency and accountability in its operations.