MCB Investment Management to Review Annual Financial Statements and Dividends

Karachi: MCB Investment Management Limited has scheduled a comprehensive review of its annual financial statements and the potential distribution of final dividends during a Board of Directors meeting set for August 5, 2024. This session will include evaluations for both the company itself and numerous investment and pension schemes it manages.

According to information available from the Pakistan Stock Exchange (PSX), the meeting will address the financial results for the year ended June 30, 2024, for MCB Investment Management and the following managed schemes: Pakistan Income Fund, MCB Pakistan Sovereign Fund, and various others, including the Alhamra series of funds and specific government employees’ pension funds. In total, 26 funds will be reviewed, spanning both listed and unlisted collective investment and voluntary pension schemes.

The company has also declared a ‘Closed Period’ from July 17, 2024, to August 5, 2024, during which no director, CEO, or executive is permitted to deal in the company’s shares. This is in compliance with Clause 5.6.4 of the PSX Regulations, ensuring that all transactions are halted during this critical review period.

This board meeting is crucial for stakeholders as it will determine the financial health and distribution strategies of the company and its associated funds for the past fiscal year.