Karachi: First Credit and Investment Bank Limited (FCIBL) has announced an Extra-Ordinary General Meeting (EOGM) scheduled for June 10, 2026, at 4:00 pm. The meeting will be held at the FCIBL’s registered office located on the 2nd Floor of the SIDCO Avenue Centre on Stratchen Road, Karachi. This announcement was disseminated through notices published in prominent newspapers such as Daily Business Recorder and Daily Nawa-eWaqt, reaching a wide audience across Karachi, Lahore, and Islamabad.
The agenda for the EOGM primarily includes the confirmation of minutes from the Annual General Meeting held on October 4, 2025, and the election of nine directors as determined by the Board of Directors in accordance with Section 159(1) of the Companies Act 2017. The retiring directors eligible for re-election include Mr. Faisal Ahmed, Syed Irfan Husnain Rizvi, Mr. Masood Raza, Mr. Jamal Nasim, Ms. Nina Afridi, and Mr. Amjad Iqbal.
In addition to the ordinary business, the meeting will address special business matters, such as the revision of the directors’ meeting fee. Shareholders will also have the opportunity to discuss and transact any other business with the permission of the Chair. The selection of independent directors will adhere to the criteria outlined in Section 166 of the Companies Act 2017 and relevant regulations.
According to information available from the Pakistan Stock Exchange (PSX), procedures for those seeking election to the office of director have been clearly outlined. Candidates must submit necessary documents, including notices of intention, folio numbers, and declarations of eligibility, no later than fourteen days prior to the meeting. The documentation must demonstrate compliance with the Companies Act 2017, Public Sector Companies (Corporate Governance) Rules 2013, and the Listed Companies (Code of Corporate Governance) Regulations 2019.
Shareholders are encouraged to comply with administrative requirements, including the appointment of proxies and submission of attested copies of CNICs. The company also urges shareholders to update their addresses and convert physical shares to book-entry form as mandated by Section 72 of the Companies Act, 2017.
As part of its governance practices, FCIBL has published a list of unclaimed dividends on its website and advises shareholders to claim any outstanding dividends. In compliance with Section 244 of the Companies Act, 2017, unclaimed dividends exceeding three years will be transferred to the Federal Government.
The EOGM will also offer a video-link option for shareholders residing in different cities, provided they collectively hold at least ten percent of the total paid-up capital. Shareholders wishing to attend via video-link must submit their requests seven days prior to the meeting date.
The designated market category for First Credit and Investment Bank Limited is the financial sector, focusing on investment banking services.