First Habib Modaraba to Review Quarterly Performance at Upcoming Board Meeting

Karachi: First Habib Modaraba has scheduled a board meeting for October 28, 2024, to review its performance for the quarter ended September 30, 2024. The meeting will convene at Karachi, where directors will deliberate on financial matters and potential entitlements.

The company has implemented a “Closed Period” from October 21 to October 28, during which no director, CEO, or executive will engage in trading company shares, in compliance with Clause 5.6.4 of PSX Regulations. This trading restriction ensures no insider trading occurs based on the unpublished financial results.

According to information available from the Pakistan Stock Exchange (PSX), the closed period is a standard practice to prevent any conflict of interest and maintain transparency in the dealings of listed companies.

Shareholders and investors are kept informed through TRE Certificate Holders of the exchange about these critical governance practices, which uphold the integrity of financial disclosures and trading activities of the company.

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