Lahore: MCB Bank Limited has announced a meeting of its Board of Directors to discuss and approve the Annual Budget for the year 2025. The meeting is scheduled for December 11, 2024, and will take place in Lahore, Pakistan, as well as via Zoom.
The bank has instituted a "Closed Period" from December 04, 2024, to December 11, 2024. During this time, directors, the CEO, and executives are prohibited from trading the bank's shares, either directly or indirectly. This restriction is in compliance with Clause 5.6.4 of the Pakistan Stock Exchange (PSX) Regulations.
According to information available from the Pakistan Stock Exchange (PSX), this meeting is part of a regular process for the bank, which involves approving the upcoming year's budget and addressing other key agenda items. The bank has requested that TRE Certificate Holders of the Stock Exchange be informed about these developments.