Lahore: First IBL Modaraba has announced that a Board Meeting of M/s IBL Modaraba Management (Private) Limited [IBLMM], the management company of First IBL Modaraba [FIBLM], is scheduled to take place on February 19, 2025. The meeting, set to commence at 11:00 a.m., will be held at the registered office of IBL Modaraba Management (Pvt.) Limited located at 4-L, Gulberg-III, Main Ferozepur Road, Lahore. This meeting is pivotal as it aims to review and approve the financial statements for the period ending December 31, 2024.

In addition to the primary agenda of reviewing financial statements, the board may discuss any other business with the permission of the chair. This ensures that any pressing matters that arise can be addressed promptly during the meeting.

According to information available from the Pakistan Stock Exchange (PSX), the company has declared a "Closed Period" from February 11, 2025, to February 19, 2025, both days inclusive. During this closed period, no director, CEO, or executive of the Modaraba is permitted to deal in the shares of First IBL Modaraba, either directly or indirectly, in compliance with PSX Regulations. This measure is in place to prevent any potential conflicts of interest or insider trading activities during the time leading up to the board meeting and approval of financial statements.

Stakeholders and certificate holders on the exchange have been duly informed of this closed period, ensuring transparency and adherence to regulatory requirements. The designated market category for First IBL Modaraba emphasizes its commitment to maintaining structured corporate governance and operational integrity.