Islamabad: Silk Bank Limited successfully held its 30th Annual General Meeting (AGM) on January 29, 2025, at the Best Western Premier Hotel in Islamabad. During the meeting, significant resolutions were passed, reflecting the bank's commitment to maintaining transparency and governance.

The meeting commenced with the confirmation of the minutes from the 29th AGM, which took place on January 04, 2025. The shareholders unanimously approved the minutes, ensuring continuity and record-keeping accuracy.

Further, the AGM addressed the bank's financial performance by adopting the Annual Audited Financial Statements for the year ended December 31, 2023. This adoption included the Statement of Compliance with the Listed Companies (Code of Corporate Governance) Regulations, 2019, as well as the Directors' Report and Auditors' Reports. The financial documents were duly approved for circulation, showcasing Silk Bank's adherence to regulatory requirements and financial transparency.

According to information available from the Pakistan Stock Exchange (PSX), the meeting also focused on the appointment of external auditors. The retiring auditors, M/s. Grant Thornton Anjum Rahman (GTAR), Chartered Accountants, were reappointed. The shareholders approved their appointment with remuneration to be mutually agreed upon, ensuring that the bank's financial integrity is maintained.

Silk Bank Limited operates within the designated market category of banking and finance. The resolutions passed at the AGM underline the bank’s dedication to robust financial practices and governance, setting a positive trajectory for the upcoming fiscal year.