Karachi: Arif Habib Dolmen REIT Management Limited has scheduled a crucial board meeting for October 25, 2024, to review and approve the financial statements for the fiscal year ended June 30, 2024. The meeting, set to take place at Karachi, will be pivotal in shaping the financial direction of the Dolmen City REIT for the upcoming year.

According to information available from the Pakistan Stock Exchange (PSX), the management company has declared a closed period from October 19, 2024, to October 25, 2024. During this time, all insiders are restricted from trading the company’s shares ahead of the financial disclosures, ensuring compliance with market regulations and maintaining transparency.

The closed period is a standard practice intended to prevent trading based on unpublished financial information, which could affect the market price of REIT units. This announcement underscores the management's commitment to good governance practices and adherence to the strict guidelines set forth by the Pakistan Stock Exchange.

This forthcoming board meeting is expected to address not only the financial outcomes of the previous year but also strategic decisions that could influence the scheme’s performance going forward. Stakeholders and investors are keenly awaiting the outcomes of this meeting, which will be crucial in determining the future course for the Dolmen City REIT, a significant player in Pakistan's real estate investment sector.