Karachi, According to information available from the Pakistan Stock Exchange (PSX), a public notice has been issued inviting claims against Al-Mal Securities & Services Limited following a court order for its winding-up. This follows the suspension of trading rights of Al-Mal by PSX, initially notified on May 26, 2009, and subsequent legal developments including a 2018 petition for winding-up filed by the Securities and Exchange Commission of Pakistan (SECP).

The Sindh High Court (SHC) issued an order on March 6, 2024, regarding the verification and settlement of claims against Al-Mal. Investors and customers who have conducted trades and transactions through Al-Mal are encouraged to submit their claims. The required 'Investors' Claim Form' along with supporting documents must be submitted by May 28, 2024. Claims can be filed electronically via email to [email protected], or through mail addressed to the Regulatory Affairs Division at the PSX in Karachi.

This notice is part of the ongoing efforts to address the grievances of affected parties and to facilitate the orderly winding-up of Al-Mal Securities & Services Limited. Additional submissions for already lodged claims are also permitted if new evidence is provided within the stipulated time frame.