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Karachi, Al Shaheer Corporation Limited has disclosed significant share transactions by its directors in compliance with the Pakistan Stock Exchange Regulations under clause 5.6.1.(d). According to the announcement, Kaman Ahmed Khalili, serving as an Executive Director, sold 8,503,624 shares on January 16, 2024, at a rate of Rs. 11.00 per share. The shares were held in the Central Depository Company (CDC) form.
Additionally, Umair Ahmed Khalili, a Non-Executive Director of Al Shaheer Corporation Limited, also sold 1,496,376 shares on the same day, at the same rate of Rs. 11.00 per share, with the shares being in CDC form.
The company has confirmed that these transactions will be reviewed in the subsequent board meeting. The review will include an examination for any non-compliance with PSX Regulations, as mandated under clause No. 5.6.1.(d). The company has assured its commitment to regulatory compliance and transparency in its operations, reflecting its responsibility to shareholders and the market.