KARACHI – United Financial institution Restricted (UBL) introduced that its 253rd Board of Administrators assembly is scheduled for Sunday, December 22, 2024, at 10:00 a.m. in Karachi, the place the primary agenda will probably be to evaluate and approve the finances of the financial institution for the yr 2025.
As per the laws of the Pakistan Inventory Trade (PSX), UBL has declared a ‘closed interval’ from December 13, 2024 to December 20, 2024. Throughout this era, administrators, CEO and officers are prohibited from buying and selling in shares of Pakistan Inventory Trade (PSX). financial institution.
This procedural strategy is in line with clause 5.6.4 of the PSX Laws, which goals to stop insider buying and selling and keep market integrity. The closed-door interval is a standard observe earlier than essential company occasions, equivalent to board conferences the place delicate monetary selections and forecasts are mentioned.
The announcement of the board assembly and closed session was communicated to related events, together with the Pakistan Inventory Trade, Karachi and the London Inventory Trade (LON:) in the UK, in addition to Commissioner of the Enforcement & Monitoring Division of the Securities and Trade Fee of Pakistan (SECP) in Islamabad.
This info is predicated on a press launch and is meant to maintain shareholders and the market knowledgeable of the financial institution’s company governance practices and upcoming monetary planning actions. This isn’t an endorsement or promotion of UBL’s market place or future prospects.
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