Karachi: EMAN Management (Private) Limited, the management company of Orient Rental Modaraba, has announced that a meeting of its Board of Directors is scheduled to take place on Thursday, February 25, 2025, at 10:30 am. The meeting will be held at the company”s registered office located on the 4th Floor, Plot # 9, Sector 24, Korangi Industrial Area, Karachi. The primary agenda for the meeting is to review and consider the half-yearly accounts of the Modaraba for the period ending December 31, 2024.
In compliance with the regulations of the Pakistan Stock Exchange, the company has declared a closed period from February 18, 2025, to February 25, 2025. During this period, no director, CEO, or executive of the company is permitted to directly or indirectly engage in transactions involving the certificates of the Modaraba. This measure is in accordance with Clause No. 5.6.4 of the Rule Book of Pakistan Stock Exchange, ensuring adherence to market regulations and maintaining transparency in operations.
According to information available from the Pakistan Stock Exchange (PSX), the designation of a closed period is a common practice among publicly listed companies to prevent insider trading and to ensure that all stakeholders have equal access to the company”s financial information once it is officially released.
The announcement of the board meeting comes as EMAN Management (Private) Limited continues to assert its commitment to maintaining high standards of financial reporting and corporate governance. The decision to review the half-yearly accounts reflects the company”s dedication to providing stakeholders with an accurate assessment of its financial health and operational performance.
EMAN Management operates within the designated market category of Modarabas, which are unique financial entities in Pakistan that operate in accordance with Islamic finance principles. The upcoming board meeting and subsequent financial disclosures are expected to offer valuable insights into the company”s strategic direction and financial standing for the latter half of the fiscal year.