Islamabad: Pakistan State Oil Company Limited announced that its Board of Management will convene on August 27, 2024, to review and approve the company’s annual financial statements for the fiscal year ending June 30, 2024. The board meeting, set to take place in Islamabad, will determine the financial outcomes and strategies moving forward.

The company has implemented a "Closed Period" from August 20, 2024, to August 27, 2024, during which no board member, the CEO, or any executive is permitted to buy or sell company shares. This restriction aligns with clause 5.6.4 of the Rule Book of the Pakistan Stock Exchange Limited, aiming to maintain market integrity and prevent insider trading ahead of the significant financial disclosures.

According to information available from the Pakistan Stock Exchange (PSX), these proceedings are critical for the company’s compliance with market regulations and transparency with shareholders regarding its financial health.

Pakistan State Oil Company Limited, a major entity in the national fuel sector, adheres strictly to regulatory guidelines to ensure fair trading and reliable information dissemination to its stakeholders, including certificate holders of the exchange.