Lahore: The Board of Directors of Fidelity Capital Management (Private) Limited is scheduled to convene on February 27, 2025, to deliberate on and approve the second quarter and half-yearly financial accounts of First Fidelity Leasing Modaraba. The meeting will take place at 12:30 p.m. at the firm's headquarters located at 93, B-1 Canal Bank, Gulberg - II, Lahore.

As outlined in the announcement dated February 20, 2025, the financial results to be reviewed cover the period ending December 31, 2024. In accordance with the regulations set forth in clause 5.19.15 of the Code of Corporate Governance, a closed period has been instituted. This period, effective from February 21, 2025, to February 27, 2025, restricts any dealings or transactions by the Directors, CEO, or Executives of the Modaraba in its certificates.

According to information available from the Pakistan Stock Exchange (PSX), the closed period is a standard regulatory measure aimed at maintaining market integrity and ensuring that all stakeholders have access to the financial information on an equal footing. The Modaraba operates under the designated market category of financial services, with its business activities primarily focused on leasing.

The decision to fix a closed period underscores a commitment to adhere to corporate governance norms and uphold transparency in financial reporting. Members of the Exchange have been duly informed of these developments in line with procedural requirements.