Karachi: Arif Habib Limited announced the approval of several significant resolutions during its 20th Annual General Meeting held on November 27, 2024, via Zoom video conferencing. The resolutions address financial approvals, dividend declarations, and the reappointment of external auditors, in compliance with clause 5.6.9 (b) of the Pakistan Stock Exchange (PSX) Rule Book.

According to information available from the Pakistan Stock Exchange (PSX), the company approved the minutes of the previous Annual General Meeting held on October 28, 2023, and the Extra Ordinary General Meeting on December 26, 2023. The Chairman was authorized to sign the minutes as a token of confirmation.

The meeting also saw the approval and adoption of the annual audited unconsolidated and consolidated financial statements for the year ending June 30, 2024. The Directors' and Auditors' Reports, along with the annexures, were also endorsed.

A final dividend of Rs. 5.00 per share, equating to 50%, as recommended by the Board of Directors, was approved for the year ending June 30, 2024. Additionally, the reappointment of M/s. Rahman Sarfaraz Rahim lqbal Rafiq, Chartered Accountants, as external auditors for the year ending June 30, 2025, was sanctioned. The Chief Executive and Company Secretary were authorized to fix the remuneration for the auditors for the upcoming year.

The minutes of the Annual General Meeting will be submitted to the Exchange within the stipulated time frame.