Karachi: Meezan Bank Limited has announced that it will hold an Extraordinary General Meeting (EOGM) on November 18, 2024, in Karachi, Pakistan. The meeting aims to address key business matters, including the confirmation of minutes from the bank's 28th Annual General Meeting held on March 29, 2024, also in Karachi.

A significant agenda item for the EOGM is the election of 10 directors in accordance with Section 159 of the Companies Act, 2017. These directors will serve a term of three years beginning on the date of the meeting, November 18, 2024. According to a decision by the Board of Directors, the number of directors to be elected has been set at ten.

The list of retiring directors includes Mr. Riyadh S.A.A. Edrees, Mr. Faisal A.A.A. Al-Nassar, Mr. Bader H.A.M.A. Al Rabiah, Mr. Saad Ur Rahman Khan, Mr. Faisal Fahad Al-Muzaini, Mr. Tariq Mahmood Pasha, Mr. Mohamed Guermazi, Mr. Mohammad Abdul Aleem, Ms. Nausheen Ahmad, and Mr. Yousef S.M.A. Al-Saad.

According to information available from the Pakistan Stock Exchange (PSX), the bank has consistently performed well in the financial sector, maintaining its position as a key player in the market. The upcoming election is expected to play a crucial role in shaping the strategic direction of the bank for the next three years.

The meeting will take place under the provisions of the Companies Act, 2017, ensuring compliance with the regulatory framework governing corporate governance in Pakistan. As Meezan Bank continues to expand its operations, the election of a new board is seen as a pivotal moment for the institution.