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Karachi, East West Insurance Company Limited has reported notable transactions involving two of its executives. Naved Yunus, an Executive, executed a “Gift Out” transaction, while Ambreen Naved Yunus, the spouse of Naved Yunus and also an Executive, engaged in a “Gift In” transaction.
On July 14, 2023, Naved Yunus gifted 1,800,000 shares of the company in a transaction. The shares were transferred at a rate of 10.00 per share. The form of share certificates for the transaction was CDC (Central Depository Company) through CDC.
Simultaneously, Ambreen Naved Yunus, the spouse of Naved Yunus and also an Executive of East West Insurance Company Limited, received the same number of shares, 1,800,000, through a “Gift In” transaction. The shares were also transferred at a rate of 10.00 per share, with the form of share certificates being CDC through CDC.
These transactions involving company executives reflect their engagement and involvement in the company’s operations and ownership. Such transactions can offer insights into the executives’ commitment to the organization’s growth and future prospects.
The transfer of a significant number of shares between Naved Yunus and Ambreen Naved Yunus indicates their joint interest in the success of East West Insurance Company Limited. As executives within the company, their actions carry weight and may influence market perceptions.
These transactions will be closely monitored by shareholders and investors, as they may impact the stock’s market value and shed light on the executives’ confidence in the company’s future performance.
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