Karachi: Arif Habib Corporation Limited convened its Thirty First Annual General Meeting on October 24, 2025, at the Stock Exchange Building in Karachi, where shareholders approved the company's audited financial statements and a series of resolutions concerning related party transactions and investments in associated companies.

The meeting marked the adoption of the annual audited financial statements for the year ending June 30, 2025, along with the accompanying Directors' and Auditors' Reports. Attendees, comprising shareholders present in person, by proxy, or via e-voting and postal ballot, also passed resolutions pertinent to special business matters. These include related party transactions and investments in associates, aligning with the resolutions presented in the meeting's agenda.

According to information available from the Pakistan Stock Exchange (PSX), the shareholders resolved to reappoint M/s. A. F. Ferguson & Co., Chartered Accountants, as the external auditors for the financial year ending June 30, 2026. The Board of Directors was granted the authority to determine the auditors' remuneration. Additionally, a final cash dividend of Re.1 per share, equivalent to 100% of the face value, was approved for the year ending June 30, 2025.

In the realm of special business, the shareholders approved transactions with related parties as outlined in the audited financial statements for the year ended June 30, 2025. The Board of Directors was authorized to approve such transactions for the subsequent financial year, with provisions for shareholder ratification in the next annual meeting if required under the Companies Act, 2017.

The meeting also addressed investment in associated companies and undertakings. A new investment limit of Rs.1,000 million was sanctioned for REIT Schemes managed by Arif Habib Dolmen REIT Management Ltd. Specific limits were renewed for various associated companies, including Javedan Corporation Ltd. with unutilized equity of 2,059 million and sanctioned loans of PKR 3,132 million, and Arif Habib Ltd. with 500 million equity and PKR 6,500 million in loans.

The resolution authorized the continued utilization of an unutilized investment limit of Rs.10,568 million for REIT Schemes under Arif Habib Dolmen REIT Management Ltd. The Chief Executive, select directors, and the Chief Financial Officer/Company Secretary received authorization to execute necessary actions and agreements to implement these resolutions effectively.