Karachi, The HBL Total Treasury ETF (HBLTETF) demonstrated stability in the Pakistan Stock Exchange during January to February 2024. The ETF, with a significant fund size of Rs. 555.005 million, maintained a rate of Rs. 114.80 today, which was also its daily weighted average rate. The ETF's performance peaked at Rs. 114.5 and reached a low of Rs. 111.1, with a turnover of 2,611,900 shares. Listed in 2022, HBLTETF distributed a 14% yield and reported a NAV of Rs. 114.7781 as of March 5, 2024.

Karachi, Meezan Bank Limited has announced its 28th Annual General Meeting (AGM) scheduled to be held on March 29, 2024. The meeting will take place at Meezan House, C-25, Estate Avenue, SITE, Karachi both physically and virtually, at 09:00 a.m. This notice comes in compliance with the Pakistan Stock Exchange (PSX) regulations, specifically regulation No. 5.6.9 (b). The bank also confirmed that the notice for the AGM will be published on March 7, 2024, in both "The Business Recorder" and "The Daily Express" newspapers, catering to English and Urdu readers, respectively.

The agenda for the AGM includes the confirmation of the minutes from the previous 27th AGM held on March 29, 2023. The meeting will also involve the reception, consideration, and adoption of the Bank's Annual Audited Accounts and the Audited Consolidated Accounts for the year ended December 31, 2023. Alongside this, the Auditor's Report, Director's Report, and Chairman's Review Report will be presented. Stakeholders can access the financial statements through the bank's website, with details provided in the official notice.

Furthermore, the AGM will see the appointment of auditors for the fiscal year ending December 31, 2024, with M/s. A. F. Ferguson & Co., Chartered Accountants, being proposed for reappointment. The meeting will also review the Board of Directors' recommendation for a final cash dividend at the rate of Rs. 8 per share, which is an 80% dividend in addition to the 120% interim cash dividend (Rs. 12 per share) already disbursed for the fiscal year 2023.

Special business includes the consideration and approval of amendments to the Bank's Directors’ Remuneration Policy, with a resolution to be passed during the meeting. Additional matters will be addressed as permitted by the Chair.

The announcement reflects Meezan Bank's adherence to regulatory requirements and its commitment to maintaining transparency with its shareholders and the broader market.