First Equity Modaraba Schedules Board Meeting to Review Quarterly Accounts

Karachi: The First Equity Modaraba has scheduled a board meeting to review its quarterly accounts, according to a notification from the company. The meeting of the Board of Directors is set to take place on February 27, 2025, at 14:30 in Karachi. The primary agenda is to consider the quarterly accounts for the period ending December 31, 2024, and to discuss any potential entitlements.

The company has declared a closed period starting from February 20, 2025, and lasting until the day of the meeting, February 27, 2025, in alignment with section 5.6.1(d) of the Pakistan Stock Exchange (PSX) Regulations. During this closed period, no Director, CEO, or Executive of the company is permitted to deal in the company's shares, either directly or indirectly.

According to information available from the Pakistan Stock Exchange (PSX), it is imperative for the TRE Certificate Holders of the exchange to be informed of this closed period and the scheduled board meeting. This ensures compliance with the regulatory framework governing the trading activities of listed companies.

The focus of the upcoming meeting will be on evaluating the company's financial performance for the quarter and considering any entitlements that may be due to shareholders. This meeting forms a critical part of First Equity Modaraba's governance and regulatory compliance process.