Karachi: AKD Hospitality Limited, formerly known as AKD Capital Limited, has announced that its Board of Directors will convene on October 30, 2024, to examine the company's quarterly financial performance. According to information available from the Pakistan Stock Exchange (PSX), the meeting aims to scrutinize the accounts for the period ending September 30, 2024, and to discuss any entitlement declarations.

The meeting is set at the company's headquarters in Karachi, marking a significant moment for stakeholders following the firm's recent rebranding and shift in business focus to hospitality. AKD Hospitality has also instituted a closed period from October 24 to October 30, 2024, in compliance with PSX regulations. During this time, directors and executives are prohibited from trading company shares, a standard practice to prevent insider trading ahead of major announcements.

The company has requested that the TRE Certificate holders of the exchange be informed about the meeting and the closed period. This proactive communication underscores AKD Hospitality's commitment to transparency and regulatory compliance as it navigates its new business landscape.