Karachi: In an announcement following its 38th Annual General Meeting held on October 25, 2024, OLP Financial Services Pakistan Limited disclosed key financial resolutions, including the approval of audited financial statements and a final cash dividend, while appointing a new external auditor for the upcoming fiscal year.

The financial statements, both consolidated and unconsolidated, for the year ending June 30, 2024, received approval alongside accompanying reports from the auditors, directors, and chairman. Additionally, the company confirmed a final cash dividend of PKR 3 per share, amounting to 30%, complementing an interim cash dividend of PKR 2 per share, equating to 20%, which was previously paid.

According to information available from the Pakistan Stock Exchange (PSX), the company also announced the appointment of Messrs. KPMG Taseer Hadi and Co., Chartered Accountants, as the new external auditors for the year ending June 30, 2025. This decision follows the completion of a five-year term by the outgoing auditors, Messrs. A. F. Ferguson and Co., Chartered Accountants, in compliance with the Listed Companies (Code of Corporate Governance) Regulations, 2019. The Board of Directors has been authorized to determine the remuneration for the newly appointed auditors.

These resolutions mark significant steps for OLP Financial Services as it transitions its auditing oversight and continues to distribute dividends to its shareholders.