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Karachi: Dawood Equities Limited (DEL) has officially announced its schedule for the upcoming Annual General Meeting (AGM), where seven directors will be elected. The meeting is set for October 25, 2024, at Karachi.
Pursuant to Section 159 (4) of the Companies Act 2017, DEL has informed its members that the following candidates are slated for election: Mr. Abdul Aziz Habib, Mr. Junaid Dada, Ms. Memoona Tanveer, Mr. Muhammad Abbas Rizvi, Mr. Muhammad Khalid, Mr. Saifullah, and Ms. Sobia Saif. According to the company, these individuals have submitted their intentions to serve as directors of the firm.
According to information available from the Pakistan Stock Exchange (PSX), the number of candidates matches the number of director positions set by the Board, allowing for direct appointment during the AGM under Section 159(1) of the Companies Act. This streamlined process ensures that all nominated candidates will automatically assume their roles following the meeting, subject to shareholder approval.
The announcement is part of the routine governance and compliance measures that publicly listed companies like Dawood Equities Limited undertake to maintain transparency and active engagement with their shareholders.
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