Karachi: The Board of Directors of the Popular Islamic Modaraba Management Company (Pvt.) Limited will convene on October 4, 2024, at 11:00 AM at their head office in Karachi. The meeting will focus on the review and approval of the Financial Statements for the fiscal year ended June 30, 2024, and the declaration of any potential entitlements.

In compliance with clause 5.6.4 of PSX Regulation, the company has announced a "Closed Period" from September 27, 2024, to October 4, 2024. During this time, no director, CEO, or executive is permitted to buy or sell certificates of the Popular Islamic Modaraba, ensuring that no insider trading occurs based on the unpublished financial results.

According to information available from the Pakistan Stock Exchange (PSX), this board meeting is crucial for the assessment and potential distribution of profits to certificate holders, reflecting the company’s financial performance over the past year.