First Prudential Modaraba to Discuss Annual Accounts in Upcoming Board Meeting

Karachi: A scheduled meeting of the Board of Directors of First Prudential Modaraba is set to take place on September 25, 2024, at the company’s registered office in Karachi. The primary agenda for this meeting is to review the annual accounts for the fiscal year that ended on June 30, 2024, and to discuss any possible declarations of entitlements.

This significant gathering follows the announcement of a “Closed Period” by the company, starting from September 18, 2024, to September 25, 2024. During this time, as per the PSX Regulations, no director, chief executive officer, or executive is permitted to buy or sell company shares. According to information available from the Pakistan Stock Exchange (PSX), this measure is implemented to prevent any insider trading or conflicts of interest as the board deliberates on the financial outcomes of the year.

Stakeholders, particularly the Certificate Holders of the Exchange, are advised to note these developments. This period of restriction on share dealings ensures compliance and governance transparency as the board assesses the company’s financial health and strategic direction.

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