Karachi: In a significant move within the Waves Corporation Limited, two executive directors, Haroon Ahmad Khan and Hamza Ahmad Khan, have executed substantial transactions of the company's shares. According to the report dated September 3, 2026, these transactions were carried out under the disclosure of interest regulations mandated by the Pakistan Stock Exchange (PSX).

The transactions took place on August 27, 2026, involving both non-deliverable market (NDM) and ready market exchanges. Haroon Ahmad Khan, an executive director of the company, executed a buy and sell transaction of 9.00 million shares each. The shares were initially purchased at a rate of 10.11 per share in the NDM, resulting in a cumulative holding of 98.35 million shares, which amounts to a 34.95% stake in the company. Subsequently, these shares were sold at a rate of 9.99 per share in the ready market, reducing his cumulative holding to 89.35 million shares, accounting for a 31.75% stake. This represents a big move in his shareholding position.

Similarly, Hamza Ahmad Khan, another executive director, engaged in parallel transactions involving 2.30 million shares. He purchased the shares at a rate of 10.11 per share in the NDM, bringing his total holdings to 6.54 million shares, equivalent to a 2.33% stake. These shares were then sold in the ready market at a rate of 9.99 per share, resulting in a cumulative holding of 4.24 million shares, which constitutes a 1.51% stake in the company. This also marks a big move in his shareholding.

According to information available from the Pakistan Stock Exchange (PSX), these transactions reflect strategic maneuvering by the executive directors within the designated market category, potentially signaling future developments within Waves Corporation Limited. The actions taken by Haroon Ahmad Khan and Hamza Ahmad Khan highlight the dynamic nature of shareholding among the company's leadership, as they adjust their stakes in response to market conditions and corporate strategy.