Karachi: Pakistan State Oil Company Limited (PSO) has announced that its 48th Annual General Meeting (AGM) is scheduled to take place on October 24, 2024. The meeting will be held at the Grand Ballroom, Pearl Continental Hotel, Karachi at 11:00 a.m., and will also be accessible via video conferencing.

The agenda for the meeting includes the confirmation of the minutes from the 47th AGM held on October 26, 2023. Shareholders will also review and potentially adopt the audited unconsolidated and consolidated financial statements for the fiscal year ended June 30, 2024. These statements have been prepared alongside reports from the shareholders and auditors.

Further items on the agenda involve the reappointment of the external auditors, M/s. KPMG Taseer Hadi and Co., Chartered Accountants, for the upcoming fiscal year ending June 30, 2025. One of the highlights of the meeting will be the proposal to approve a significant dividend payment. According to information available from the Pakistan Stock Exchange (PSX), the board of management has recommended a final cash dividend of Rs. 10 per share, which translates to a 100% dividend payout for the fiscal year 2024.

This AGM follows the regulatory guidelines set forth by the Rule Book of the Pakistan Stock Exchange Limited, ensuring that all TRE Certificate Holders of the exchange are duly informed prior to the newspaper announcement.