Karachi: First Habib Modaraba has issued a final notice to its certificate holders, fulfilling the requirements set forth by Section 244 of the Companies Act, 2017. The notice was published in leading daily newspapers, "Business Recorder" and "Nawa-e-Waqt," across their combined editions in Karachi, Lahore, and Islamabad on March 14, 2025.

This action follows previous notifications by the Modaraba, which included a ninety-day notice issued on December 11, 2024, and a prior notice on December 2, 2022. The notices are directed at certificate holders with unclaimed or unpaid certificates and dividends for a period of three years or more. The publication of this final notice is aimed at prompting the affected certificate holders to file their respective claims in compliance with the statutory requirements.

According to information available from the Pakistan Stock Exchange (PSX), First Habib Modaraba operates within the designated market category and is obligated to adhere to the regulations specified by the Companies Act, 2017. The Act mandates that entities must take necessary steps to alert stakeholders about unclaimed financial instruments and dividends.

Included with the notice published in the newspapers, First Habib Modaraba has provided a copy for the reference and record of those concerned. Certificate holders and members are urged to take note of this development and act accordingly to ensure their claims are processed.