OLP Financial Services Pakistan Limited Announces 38th Annual General Meeting and Final Dividend

Karachi: OLP Financial Services Pakistan Limited has scheduled its 38th Annual General Meeting (AGM) for October 25, 2024. The meeting will take place at Karachi and will also be accessible via the Zoom application.

The AGM agenda includes the adoption of the audited financial statements for the fiscal year ended June 30, 2024, both consolidated and unconsolidated, along with the auditor’s report, directors’ report, and chairman’s review. According to information available from the Pakistan Stock Exchange (PSX), the company will also seek approval for a final cash dividend of PKR 3 per share, which represents a 30% dividend. This final dividend is in addition to the interim dividends already distributed, which totaled PKR 2 per share, or 20%.

Further business includes the appointment of new auditors for the upcoming fiscal year. The Board Audit & Risk Committee and the Board of Directors propose appointing Messrs. KPMG Taseer Hadi & Co., Chartered Accountants, as the company’s external auditors for the year ending June 30, 2025. They will be replacing Messrs. A. F. Ferguson & Co., Chartered Accountants, who are retiring after serving the maximum statutory period of five years as stipulated under the Listed Companies (Code of Corporate Governance) Regulations, 2019.

The meeting will also include discussions on any other ordinary business as permitted by the chairman.