Substantial Shareholder and CEO of Modaraba Management Company Executes Share Purchase

Karachi, In a recent disclosure to the Pakistan Stock Exchange, Modaraba Management Company announced that Aftab Ahmad, a substantial shareholder and the Chief Executive Officer, executed a significant transaction involving the purchase of company shares. The transaction was completed on April 15, 2024.

According to the disclosure, Aftab Ahmad purchased 300,000 shares at an average rate of 4.99. The shares were acquired in the form of CDC (Central Depository Company) share certificates.

The company stated that this transaction will be reviewed in the upcoming board meeting, where any non-compliances with PSX Regulation 5.6.4, if present, will be highlighted and addressed. Further, the company has confirmed the transaction with the Exchange and instructed that the information be disseminated to market participants.