Siddiqsons Tin Plate Limited’s Non-Executive Director purchases shares in the company

Karachi, Siddiqsons Tin Plate Limited has announced that one of its Non-Executive Directors, Muhammad Tariq Raffi, has purchased a total of 75,000 shares in the company. The transactions were made on May 12, 2023, with a purchase price of PKR 6.39 to PKR 6.40 per share.

Mr. Raffi’s purchase represents a significant vote of confidence in the company and its future prospects. Siddiqsons Tin Plate Limited is a leading producer of tinplate in Pakistan and has a strong presence in the local market.

This purchase by Mr. Raffi is in line with the company’s policy of encouraging its board members to hold a stake in the company. It is also a clear indication of Mr. Raffi’s confidence in the company’s long-term growth prospects.

Siddiqsons Tin Plate Limited is listed on the Pakistan Stock Exchange and has a market capitalization of over PKR 4.2 billion. The company’s shares closed at PKR 6.45 on May 12, 2023.