Karachi: A meeting of the Board of Directors of Shaheen Insurance Company Limited is scheduled for August 28, 2024, via video link at the Company's Registered Office to deliberate on the Half Yearly Accounts for the year ended June 30, 2024, potentially leading to the declaration of any entitlements.
The directors will review the company's financial performance through the first half of the year, evaluating both the achievements and challenges faced during this period. According to information available from the Pakistan Stock Exchange (PSX), the financial statements prepared will help in deciding on possible shareholder entitlements, which could include dividends or other distributions.
Furthermore, the Company has observed a Closed Period starting from August 21, 2024, until the date of the board meeting, in compliance with Clause 5.6.1(d) of PSX Regulations. During this time, no director, the CEO, or any executive will engage in buying or selling company shares, thereby preventing any conflicts of interest or insider trading that could influence the market.
The Certificate Holders of the Exchange have been duly informed to ensure transparency and adherence to regulatory requirements.