Karachi: Soneri Bank Limited has announced that its 208th Board of Directors meeting will take place on December 11, 2024, in Karachi. The meeting will primarily focus on reviewing and approving the bank's budget for the year 2025, alongside other agenda items.

The bank has also declared a "Closed Period" from December 4 to December 11, 2024, inclusive, in compliance with Clause 5.6.4 of the Rule Book of Pakistan Stock Exchange Limited. During this period, no Director, CEO, or Executive of Soneri Bank is permitted to engage in any share transactions, either directly or indirectly.

According to information available from the Pakistan Stock Exchange (PSX), the Closed Period is a regulatory requirement designed to prevent insider trading and maintain the integrity of the stock market. The notice further directs that TRE Certificate Holders of the Exchange be informed of this development.

The forthcoming meeting marks a significant event for the bank as it outlines its financial trajectory for the upcoming year, a critical process given the constantly evolving economic landscape.