Karachi: United Bank Limited (UBL) has disclosed recent transactions involving shares executed by key personnel under the Pakistan Stock Exchange's Regulation 5.6.4. According to official records dated March 19, 2025, the transactions were carried out by individuals holding significant positions within the company, including directors, executives, and substantial shareholders, as well as their immediate family members.

The disclosure highlights a transaction executed by Muhammad Jawaid Iqbal, the President and CEO of UBL, who is also an Executive Director. The transaction took place on March 13, 2025, and involved the transfer of 530,000 shares. According to information available from the Pakistan Stock Exchange (PSX), these shares were transferred in the form of a gift duty, a transaction type that involves the transfer of shares without monetary consideration.

The shares were processed through the Central Depository Company (CDC) system, which is the designated market category for such transactions. Despite the substantial number of shares involved, the transaction was executed at a rate of 0.00 per share, indicating it was a non-cash transaction. Following the transaction, the cumulative number of shares held by Muhammad Jawaid Iqbal stands at 5,000, representing a cumulative percentage of 0.00 of the total shares of the company.

The disclosure of such transactions is part of the regulatory requirements set by the PSX to ensure transparency and accountability among publicly listed companies and their key stakeholders.