Rawalpindi: Askari Life Assurance Company Limited announced a Board of Directors meeting scheduled for August 20, 2024, at the company’s headquarters in Rawalpindi, to discuss and approve its financial statements for the first half of the year, which ended on June 30, 2024.
The company also declared a Closed Period starting from August 13, 2024, to August 20, 2024. During this period, Directors, the CEO, and Executives are prohibited from dealing in the company’s shares, adhering to rule 5.6.1(d) of the Pakistan Stock Exchange’s Rule Book. This restriction aims to prevent insider trading and ensure transparency as the company prepares to finalize its financial results.
According to information available from the Pakistan Stock Exchange (PSX), shareholders and TRE Certificate holders have been advised of these developments to ensure compliance with regulatory requirements and maintain market integrity.
The forthcoming Board meeting is critical as it will outline the financial direction and health of Askari Life Assurance, following a period of significant economic variables impacting the insurance sector broadly.