First Al-Noor Modaraba to Review Annual Accounts in Upcoming Board Meeting

Karachi, First Al-Noor Modaraba has announced that the company’s Board of Directors is scheduled to convene a crucial meeting on September 21, 2023, in Karachi. The primary agenda of this meeting is to review and consider the Annual Accounts for the financial period ending on June 30, 2023. Additionally, discussions will be held regarding the declaration of any entitlements to shareholders.

In compliance with the regulations set forth by the Pakistan Stock Exchange (PSX), First Al-Noor Modaraba has declared a “Closed Period” from September 12, 2023, to September 21, 2023, as mandated by Clause 5.6.1(d) of the PSX Regulations. During this period, no Director, CEO, or Executive of the company is permitted to engage in any direct or indirect transactions related to the shares of the Company.

The upcoming Board meeting and the declaration of the Closed Period exemplify First Al-Noor Modaraba’s commitment to transparency, adherence to regulations, and responsible corporate governance practices. The outcomes of the meeting will have a significant impact on the Company’s stakeholders and the investment community, as they await the approval of the Annual Accounts and any potential entitlement declarations.

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