Karachi: Faysal Bank Limited has announced that its Board of Directors will convene a meeting on November 21, 2024, in Karachi to consider the bank's budget for the year 2025, along with other agenda items. The announcement underscores the bank's adherence to regulatory requirements concerning trading restrictions ahead of significant corporate meetings.

The bank has initiated a closed period from November 13, 2024, to November 21, 2024, inclusive, in accordance with clause 5.6.4 of the Rule Book of the Exchange. During this period, directors, the Chief Executive Officer, and executives of the bank are prohibited from engaging in any form of trading in the bank's shares, whether directly or indirectly.

According to information available from the Pakistan Stock Exchange (PSX), the announcement of the closed period is a standard procedure aimed at preventing insider trading and ensuring transparency ahead of crucial financial discussions and decisions.

The bank has communicated this information to the TRE Certificate Holders of the Exchange, reflecting its commitment to maintaining regulatory compliance and market integrity.