Saudi Pak Leasing Company Limited to Hold 169th Board Meeting, Discussing Annual Accounts and Key Business Matters

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Karachi, Saudi Pak Leasing Company Limited has officially scheduled its 169th Board of Directors Meeting, set to take place on September 12, 2023. This meeting will be conducted via video link and held at the company’s Registered Office in Karachi. The primary agenda for the meeting includes the approval of the Annual Audited Accounts for the financial period ending on June 30, 2023, alongside addressing various other routine business matters.

The key items to be discussed during the meeting are as follows:

1. Confirmation of Minutes: The board will commence by confirming the minutes of the 168th Board of Directors Meeting, which was held on August 22, 2023.

2. Approval of Annual Accounts: The main focus of the meeting is the approval of the Annual Accounts for the fiscal year ending June 30, 2023. These accounts have been recommended for approval by the Audit Committee.

3. AGM Date and Venue: The board will deliberate on the date, time, and venue for the upcoming Annual General Meeting (AGM), where the Annual Accounts for the year ending June 30, 2023, will be presented for approval by shareholders.

4. Memorandum of Association Changes: The meeting will also involve a review and approval of proposed changes to the Memorandum of Association of Saudi Pak Leasing Company Limited. These changes will subsequently be submitted to the Registrar of Companies at the Securities and Exchange Commission of Pakistan (SECP) for approval and registration. The final approval of these changes will be sought from shareholders at the forthcoming AGM in October 2023.

5. Any Other Business: As per standard procedure, any additional items requiring discussion or approval will be presented with the permission of the Chair.

This 169th Board Meeting signifies the company’s commitment to transparent governance and sound business practices. It provides a forum for the board to address critical matters related to the company’s financial performance and regulatory compliance. Stakeholders and investors are encouraged to watch for the outcomes of this meeting, as the decisions made will have implications for the company’s future direction and operational changes.

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