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Karachi, First Al-Noor Modaraba has scheduled a Board of Directors meeting to deliberate upon the Annual Accounts for the fiscal period ending on June 30, 2023. The primary agenda for this meeting is to determine any entitlement associated with these accounts.
The meeting is set to convene on September 14, 2023, in Karachi, where the Board of Directors will examine the financial performance and other pertinent aspects of First Al-Noor Modaraba.
As part of regulatory compliance and to ensure transparency, the company has officially declared a “Closed Period” from September 9, 2023, to September 14, 2023, as mandated by Clause 5.6.1(d) of the PSX Regulations. During this period, neither the Directors, the CEO, nor any executive of the company, directly or indirectly, may engage in any transaction involving the shares of First Al-Noor Modaraba.
This closed period is enforced to prevent any potential insider trading activities and to uphold the integrity of the company’s financial reporting. It aims to ensure that all stakeholders are treated fairly and equitably, and that no privileged information is exploited for personal gain.
The outcome of the Board meeting regarding the Annual Accounts and any entitlements will be announced following the meeting’s conclusion. First Al-Noor Modaraba remains committed to upholding the highest standards of corporate governance and adhering to regulatory requirements, thereby fostering trust and confidence among its investors and stakeholders.
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