Karachi: Saudi Pak Leasing Company Limited has scheduled its 175th Board of Directors meeting for September 19, 2024, in Karachi. The primary agenda will be to approve the Annual Audited Accounts for the fiscal year ending June 30, 2024. The meeting will also cover various routine business matters.
The board will confirm the minutes of the previous meeting held on May 30, 2024. One of the key items on the agenda is the approval of the Annual Accounts as recommended by the Audit Committee. This includes reviews from both the Directors and Independent Auditors. The authorization for any Director to sign the Annual Audited Accounts alongside the CEO and CFO is also expected to be granted.
Further discussions will include setting a date, time, venue, and agenda for the upcoming Annual General Meeting (AGM), which will focus on the approval of the Annual Accounts for the year ended June 30, 2024. According to information available from the Pakistan Stock Exchange (PSX), the board will also review a recommendation from the Human Resources and Remuneration (HRR) Committee concerning the renewal of the Service Contract for Mr. Muhammad Zahoor, CFO, whose contract is set to expire on October 11, 2024.
In line with PSX regulations, the company’s Share Transfer Book will remain closed from September 13 to September 19, 2024, prohibiting Directors, the CEO, and Executives from dealing in the company’s shares during this period.
All board members have been urged to ensure their presence at the meeting to address these critical governance and financial matters.