Shifa International Hospitals CEO Purchases Shares, Signals Confidence in Company’s Future

Islamabad: Shifa International Hospitals Ltd. reported a notable transaction by its Chief Executive Officer, Dr. Zeeshan Bin Ishtiaque. According to information available from the Pakistan Stock Exchange (PSX), this transaction was executed on August 15, 2024, under the regulatory framework outlined in section 5.6.4 of the PSX Regulations concerning the disclosure of interests by directors, CEOs, executives, their spouses, and substantial shareholders.

Dr. Ishtiaque purchased 1,984 shares of Shifa International Hospitals at a rate of 129.50 per share. The shares were acquired in the form of CDC (Central Depository Company) certificates, a standard method for such transactions, facilitating the electronic holding of shares, thus enhancing the security and efficiency of the trading process.

This move by the CEO not only demonstrates his personal commitment to the company’s prospects but also could potentially signal to the market a positive outlook on the future financial health of the hospital.

Investors and stakeholders of Shifa International Hospitals have been informed about this transaction as required by the PSX regulations, ensuring transparency and adherence to corporate governance norms.

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