UBL sets date for 2025 budget approval Investing.com

KARACHI – United Bank Limited (UBL) has announced that its 253rd meeting of the Board of Directors is scheduled for Sunday, December 22, 2024, at 10:00 a.m. in Karachi, where the main agenda will be the consideration and adoption of the bank’s budget for the year 2025 .

In accordance with Pakistan Stock Exchange (PSKS) regulations, UBL has declared a “closed period” from December 13, 2024 to December 20, 2024. During this time, the directors, managing director and executive directors are prohibited from trading in the bank’s shares.

This procedural move is in line with clause 5.6.4 of the PSKS Regulation, which is designed to prevent insider trading and maintain market integrity. A closed period is standard practice ahead of important corporate events, such as board meetings where sensitive financial decisions and forecasts are discussed.

The announcement of the board meeting and the closed period was communicated to relevant parties, including the Pakistan Stock Exchange in Karachi and London Stock Exchange (LON:) in the UK, as well as Commissioner of the Enforcement and Supervision Division of the Securities and Exchange Commission of Pakistan (SECP) in Islamabad.

This information is based on a press release and is intended to inform shareholders and the market about the bank’s corporate governance practices and upcoming financial planning activities. It is not an endorsement or promotion of UBL’s market position or future prospects.

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