Karachi: Pakistan Hotels Developers Ltd. (PHDL) has scheduled its 45th Annual General Meeting (AGM) for October 28, 2024, as announced in a notice to shareholders. The meeting will take place at Karachi. The agenda is set to focus on key financial and operational matters from the previous fiscal year.

The company plans to confirm the minutes of the Extraordinary General Meeting held on November 13, 2023. Additionally, the AGM will include the adoption of the audited financial statements for the year ended June 30, 2024. According to information available from the Pakistan Stock Exchange (PSX), the shareholders will review the Chairman’s Report, Directors’ and Auditors’ Reports for the concluded fiscal year.

A significant point on the agenda is the approval of an interim cash dividend, proposed at 100%, which equates to Rs. 10.00 per share, already paid for the financial year 2023. This decision aligns with PHDL's continued strategy to deliver shareholder value amidst evolving market conditions.

Moreover, the meeting will address the appointment of auditors for the fiscal year ending June 30, 2025, and the determination of their remuneration. Other miscellaneous business matters, as permitted by the Chair, will also be discussed, ensuring comprehensive oversight and governance of the company’s operations.