Karachi: Soneri Bank Limited has announced that its 209th Board of Directors meeting is scheduled to take place on Friday, February 7, 2025. The meeting will be held at 10:00 AM on the 10th floor of the PNSC Building, located off M.T. Khan Road in Karachi. The primary agenda of the meeting is to consider the bank's Annual Audited Financial Statements for the fiscal year ending December 31, 2024, and to discuss the declaration of any entitlement.

The bank has enforced a "Closed Period" from January 31, 2025, to February 7, 2025, inclusive of both dates. During this period, as required by Clause 5.6.4 of the Rule Book of Pakistan Stock Exchange Limited, no director, CEO, or executive of Soneri Bank will be allowed to engage in any trading activities involving the bank's shares, whether directly or indirectly.

This announcement is crucial for TRE Certificate Holders of the Exchange, as it ensures transparency and compliance with the rules governing trading activities during sensitive financial review periods. According to information available from the Pakistan Stock Exchange (PSX), such measures are standard practice to prevent any potential conflicts of interest or insider trading issues during the review of a company's financial statements.

Soneri Bank Limited operates within the designated market category of the Pakistan Stock Exchange, adhering to high standards of corporate governance and regulatory compliance. The outcome of the board meeting and the subsequent release of the audited financial statements will provide valuable insights into the bank's performance and strategic direction for the coming year.