Bank Alfalah Announces Closed Period Ahead of Emergent Board Meeting

Karachi: Bank Alfalah Limited has scheduled an urgent Board of Directors meeting for September 26, 2024, to be held in Karachi and accessible via weblink. The session will address pressing matters, distinctly not involving the announcement of financial results.

The emergent meeting underscores crucial agenda items requiring immediate attention from the board members. The specific nature of the discussions has not been disclosed, emphasizing the importance and sensitivity of the issues at hand.

According to information available from the Pakistan Stock Exchange (PSX), Bank Alfalah has declared a Closed Period from September 20, 2024, to September 26, 2024. During this time, key insiders including Directors, the CEO, Executives, and their spouses are prohibited from buying or selling the bank’s shares. This restriction aligns with the PSX Rule Book's Clause 5.6.4, ensuring compliance and governance standards are maintained during critical decision-making periods.

The bank has advised the Certificate holders of the Exchange to note these developments and the temporary trading restrictions applied to its insiders.