Jubilee Life Insurance Board of Directors to Review Quarterly Financials Amid Closed Period

Karachi: Jubilee Life Insurance Company Limited has announced that a meeting of its Board of Directors is scheduled for April 22, 2025, at its head office in Karachi. The meeting will focus on reviewing and approving the unaudited financial statements for the quarter ending March 31, 2025.

In compliance with Regulation No. 5.9.2 of the Rule Book of the Pakistan Stock Exchange, the company has instituted a "Closed Period" from April 16, 2025, to April 22, 2025. During this time, no directors, CEO, or executives will be allowed to deal in the company's shares, either directly or indirectly. This measure is in accordance with section 5.6.4 of the PSX rules to ensure transparency and fairness in the trading of company shares during the sensitive period leading up to the financial disclosure.

According to information available from the Pakistan Stock Exchange (PSX), the Jubilee Life Insurance Company Limited is preparing for the financial scrutiny that accompanies the presentation of quarterly results. The announcement of a closed period is a standard practice to avoid any potential conflicts of interest or insider trading allegations.

The company has taken steps to inform all TRE Certificate Holders of the Exchange about these developments. This proactive communication is intended to maintain market integrity and ensure compliance with the designated market category regulations governing listed companies on the Pakistan Stock Exchange.