S.G. Power Limited Director Sells Shares, Transaction to Be Reviewed by Board

Karachi: S.G. Power Limited has disclosed that Mr. Sohail Ahmed, Chief Executive and Director, executed a sale of 1,100 shares of the company on September 3, 2024. According to information available from the Pakistan Stock Exchange (PSX), the shares were sold at varying rates and recorded through the Central Depository Company (CDC).

The transaction details reveal a significant movement of shares from a key executive within the company, highlighting a direct involvement of leadership in trading activities. This sale by Mr. Ahmed is part of the transactions that will be presented for review in the upcoming board meeting, as mandated under clause 5.6.1 of the PSX Regulations.

The scrutiny of such transactions by the board is crucial to ensure compliance with market regulations and to maintain transparency in the management’s dealings with company shares. This review process is part of the company’s commitment to uphold rigorous governance standards and to provide clear and accountable financial practices.

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