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Karachi: Jubilee Life Insurance has scheduled its upcoming Board of Directors meeting for October 22, 2024, to discuss and approve the financial statements for the quarter ending September 30, 2024. The meeting is set to take place at Karachi.
In line with the regulations stipulated by the Pakistan Stock Exchange (PSX), Jubilee Life has announced a “Closed Period” from October 15, 2024, to October 22, 2024. During this time, directors, CEOs, and executives are prohibited from buying or selling company shares. According to information available from the Pakistan Stock Exchange (PSX), this measure is intended to prevent any insider trading prior to the dissemination of financial results.
The company has informed the TRE Certificate Holders of the Exchange to ensure compliance with the trading restrictions. This protocol aims to maintain market integrity and transparency while the Board reviews the company’s financial performance.
This strategic decision underscores Jubilee Life Insurance’s commitment to upholding strong corporate governance practices. The results of the meeting, including details on the company’s financial health and future directives, are highly anticipated by shareholders and market analysts.