Karachi: Karachi Electric (KE) has announced that the transfer books for KE SUKUK-5 will be closed from October 25 to November 4, 2024, to facilitate the 17th profit/rental payment due on November 3, 2024. The notification specifies that all transfer requests must be submitted at the CDC Share Registrar Services Limited, located in Karachi.

According to information available from the Pakistan Stock Exchange (PSX), the closure period will ensure that the company can process the entitlements for the profit/rental payment adequately. KE has specified that transfer requests received by the close of business on October 24, 2024, will be processed in time for the due payments to the transferees.

This closure aligns with KE’s financial schedule, allowing for the organization and accurate disbursement of profits to investors holding KE SUKUK-5. The specified timing of the book closure also indicates the company’s continued adherence to regulatory and financial timelines to ensure compliance and investor satisfaction.