Karachi: Meezan Bank Ltd. has announced a board meeting for October 21, 2024, to discuss the unaudited financial results for the quarter and nine months ending September 30, 2024. The meeting is set to take place at Karachi, Pakistan.
The directors will evaluate the bank's performance over the past quarter and three-quarters of the fiscal year. This evaluation is crucial for the approval of the financial statements and any decisions on shareholder entitlements.
According to information available from the Pakistan Stock Exchange (PSX), Meezan Bank has also declared a closed period starting from October 11, 2024, to October 21, 2024. During this time, no director, CEO, or executive is permitted to trade shares of the bank. This restriction is in compliance with clause 5.6.4 of the PSX Regulations, which aims to prevent any insider trading or conflicts of interest ahead of the public release of financial data.
Shareholders and investors are advised to note the schedule and restrictions during this closed period. The bank's performance details and decisions from the board meeting will be disclosed to the TRE Certificate Holders of the Exchange in due course.