Karachi: The Board of Directors of Pakistan Hotels Developers Limited is set to convene on October 4, 2024, to review the annual accounts for the period that ended on June 30, 2022. This meeting, crucial for the declaration of any entitlements, will be held in Karachi.

The company has also announced a closed period from September 28 to October 4, 2024, as stipulated under PSX Regulation 5.6.1(d). During this time, directors, the CEO, and executives are prohibited from dealing in the company's shares, whether directly or indirectly. According to information available from the Pakistan Stock Exchange (PSX), this measure is intended to prevent any insider trading during the crucial decision-making period surrounding the annual accounts.

This forthcoming board meeting is significant as it may determine future dividends or other entitlements for shareholders based on the company’s financial performance. TRE Certificate Holders have been informed of the closed period and the scheduled meeting, aligning with regulatory requirements and ensuring transparency in operations.