AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: A Board of Directors meeting for Habib Metropolitan Modaraba Management Company (Private) Limited is scheduled to occur on August 08, 2024, at Karachi. The primary agenda for this meeting will be to review the Annual Audited Financial Statements of First Habib Modaraba for the fiscal year that concluded on June 30, 2024, and to discuss the declaration of any entitlements.
The meeting will specifically address outcomes from the past fiscal year and strategize on future financial distributions. A significant part of the meeting will focus on evaluating the financial health and operational achievements of First Habib Modaraba.
According to information available from the Pakistan Stock Exchange (PSX), in compliance with the regulatory framework stipulated under Clause 5.6.4 of the Rule book of PSX, a “Closed Period” has been declared from July 31, 2024, to August 08, 2024. During this time, no transactions in shares of the Modaraba will be allowed for Directors, the CEO, or Executives.
The management has also advised TRE Certificate Holders of the Exchange to be duly informed about the Closed Period to ensure compliance with the trading restrictions placed during this critical financial review phase.
This board meeting marks a pivotal point for the company as it prepares to disclose fiscal outcomes and strategic directions which could potentially influence future market performance and investor relations.