S.G. Power Limited Executive Sells Shares

Karachi: S.G. Power Limited has announced the recent sale of shares by Mr. Sohail Ahmed, Chief Executive and Director of the company. According to information available from the Pakistan Stock Exchange (PSX), the transactions took place over two consecutive days, involving a total of 5,500 shares.

On August 29, 2024, Mr. Ahmed sold 3,000 shares of S.G. Power Limited. This was followed by the sale of an additional 2,500 shares on August 30. Each transaction was recorded differently regarding the rate per share but both were carried out through the Central Depository Company (CDC).

The company has confirmed that these transactions will be reviewed at the upcoming Board meeting, as stipulated under clause 5.6.1 of PSX Regulations. This review process is a standard requirement ensuring that all director transactions are disclosed and discussed at the board level to maintain transparency and governance.

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