Karachi: Pakistan State Oil Company Limited (PSO) has announced that a hybrid meeting of its Board of Management is slated for Thursday, February 13, 2025, at 10:30 a.m. in Karachi. This meeting's primary agenda is to consider and approve the Condensed (Unconsolidated and Consolidated) Interim Financial Statements of the company for the half-year period that ended on December 31, 2024. During this session, the Board will also deliberate on the declaration of any entitlement related to the financial statements.

In anticipation of the meeting, PSO has declared a "Closed Period" as mandated under clause 5.6.4 of the Rule Book of Pakistan Stock Exchange Limited. This closed period extends from February 06, 2025, to February 13, 2025, inclusive of both days. During this time, no Board Member, CEO, or Executive of the company is permitted to engage in any direct or indirect transactions involving the company's shares.

According to information available from the Pakistan Stock Exchange (PSX), this closed period is a regulatory requirement intended to prevent insider trading and maintain market integrity. PSO has ensured that the TRE Certificate Holders of the Exchange are duly informed about this development, underscoring its commitment to transparency and compliance with market regulations.

This announcement is noteworthy for stakeholders and investors in the Oil and Gas sector, as it provides insights into the company's financial health and potential future dividends or entitlements. The outcomes of the upcoming board meeting will be closely watched by market participants to gauge the company's performance and strategic direction moving forward.