Karachi: First Al-Noor Modaraba has announced the scheduling of a Board of Directors meeting on February 22, 2025, at 11:30 AM in Karachi. The meeting is set to focus on reviewing the quarterly accounts for the period that ended on December 31, 2024, and to deliberate on any potential declarations of entitlement.

In compliance with the regulations set forth by the Pakistan Stock Exchange (PSX), the company has instituted a Closed Period from February 21, 2025, to February 26, 2025. During this timeframe, directors, the CEO, and executives are prohibited from engaging in any direct or indirect transactions involving the company's shares. This measure is taken to ensure transparency and prevent insider trading, as stipulated by regulation 5.6.1(d) of the PSX.

According to information available from the Pakistan Stock Exchange (PSX), the Closed Period restriction is a standard practice aimed at maintaining the integrity of stock transactions and ensuring fair play for all market participants within the designated market category.

The company has communicated this information to the TRE Certificate Holders of the Exchange, underscoring its commitment to adhering to regulatory requirements and maintaining transparency in its financial dealings. As the meeting approaches, stakeholders and investors will be keenly observing the outcomes and any subsequent announcements regarding the company's financial health and strategic directions.