Karachi: Dawood Equities Limited held its Annual General Meeting at its registered office in Karachi on October 25, 2024, where several key resolutions were approved by the shareholders. The meeting resulted in the approval of the minutes from the previous AGM and the adoption of the company’s financial statements for the year ending June 30, 2024.

The shareholders approved the minutes of the 18th Annual General Meeting held on October 26, 2023. They also adopted and approved the Annual Audited Financial Statements for the fiscal year that ended on June 30, 2024, along with the accompanying Directors’ and Auditors’ Reports.

In another resolution, Yousuf Adil, Chartered Accountants, were appointed as the external auditors for the fiscal year ending June 30, 2025. The Chief Executive Officer is authorized to determine their remuneration through mutual consultation.

The meeting also saw the election of seven directors who will serve a three-year term beginning October 26, 2024. The elected directors are Mr. Abdul Aziz Habib, Mr. Junaid Dada, Ms. Memoona Tanveer, Mr. Muhammad Abbas Rizvi, Mr. Muhammad Khalid, Mr. Saifullah, and Ms. Sobia Saif.

According to information available from the Pakistan Stock Exchange (PSX), these resolutions mark significant steps in the governance and financial oversight of Dawood Equities Limited as it continues its operations in the financial sector.