Karachi: Arif Habib Dolmen REIT Management Limited, overseeing the Globe Residency REIT, has convened an emergent board meeting on September 07, 2024, in Karachi. The session is set to finalize the financial statements for the year ended June 30, 2024, and to deliberate on the potential distribution of a final dividend.
According to information available from the Pakistan Stock Exchange (PSX), the management company has also announced a closed period from September 02, 2024, to September 07, 2024. During this time, no insider trading is permitted in anticipation of the forthcoming financial disclosures.
The closed period compliance adheres to clause 5.6.4 of the Rule Book of Pakistan Stock Exchange Limited. This measure is intended to prevent the misuse of undisclosed financial information that could affect the prices of the traded securities.
The results of this meeting are highly anticipated by shareholders and potential investors, as they will reveal the financial health of the Scheme and guide the decisions regarding the distribution of dividends.