July 09, 2026 (MLN): The entire shareholding of 432,189,039 ordinary shares of Oil and Gas Development Company Limited (PSX:OGDC), held under the Benazir Employees Stock Option Scheme (BESOS) Employees Empowerment Trust, has been transferred back to the Government of Pakistan (GoP), pursuant to the Supreme Court's decision.
Following the transfer, the GoP's direct shareholding in the company has increased from 67.48% to 77.53%.
The transfer was executed, bringing the cumulative shares held by the President of the Islamic Republic of Pakistan to 3,334,337,220, representing 77.53% of the company.
Details of the transaction are as follows:
|
Sr. No. |
Name |
Date of Transaction |
Price per Share |
Nature of Transaction |
Number of Shares |
Form of Share Certificate |
Cumulative Shares Owned |
|
1 |
The President, Islamic Republic of Pakistan |
08-07-2026 |
0.00 |
Transfer In |
432,189,039 |
Physical |
3,334,337,220 (77.53%) |
The aforementioned was disseminated through a notification to Exchange.