Karachi: PICIC Insurance Limited has announced an emergent meeting of its Board of Directors to be held on Wednesday, March 26, 2025, at 11:30 a.m. The meeting is scheduled to take place at the company's office located on the 3rd Floor of Nadir House, I.I. Chundrigar Road, Karachi. The primary agenda of the meeting is to consider and approve the audited financial statements for the fiscal year ending December 31, 2024.

In compliance with the Pakistan Stock Exchange (PSX) regulations, the company has declared a "Closed Period" effective from March 20, 2025, to March 26, 2025. During this period, no Director, CEO, or Executive of PICIC Insurance Limited is permitted to engage in any direct or indirect transactions involving the company’s shares. This measure adheres to Clause 5.6.1 (d) of the PSX Regulations to prevent any conflicts of interest or insider trading activities.

According to information available from the Pakistan Stock Exchange (PSX), the announcement of the closed period is a routine procedure to ensure the integrity of the financial markets and to maintain investor confidence. Shareholders and stakeholders have been informed to comply with these regulations.

The details and outcomes of the board meeting, including the approval of the financial statements, are anticipated to be of significant interest to investors and market participants within the designated market category. The financial results are expected to provide insights into the company's performance and strategic direction for the coming year.