First National Bank Modaraba Announces Board Meeting to Discuss Annual Accounts

Lahore: A scheduled board meeting of First National Bank Modaraba is set to take place on September 27, 2024, in Lahore to review the annual accounts for the fiscal year ending June 30, 2024, and to discuss potential entitlement declarations.

The meeting will address the financial performances and strategic decisions concerning the entitlements of the shareholders. This significant assembly aligns with the corporate governance standards stipulated by the Pakistan Stock Exchange (PSX) regulations.

According to information available from the Pakistan Stock Exchange (PSX), the company has announced a “Closed Period” from September 20 to September 27, 2024, as mandated by PSX Regulation 5.6.1(d). During this period, no director, CEO, or executive is permitted to buy or sell company shares, either directly or indirectly.

Shareholders and stakeholders, particularly THE Certificate Holders of the Exchange, have been duly notified of these developments and the restrictions in place during the Closed Period. This measure ensures compliance with market regulations and maintains transparency during the decision-making process regarding the company’s financial year outcomes.

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