AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: The Board of Directors of Al-Abbas Sugar Mills has declared a significant interim dividend of Rs. 10.00 per share, which amounts to 100%, for the quarter ending June 30, 2024. This decision was made during their meeting on July 26, 2024.
According to information available from the Pakistan Stock Exchange (PSX), the company has planned to publicize this development through upcoming advertisements in the Daily “THE NATION” and Daily “JEHAN PAKISTAN” scheduled for publication on July 29, 2024.
In conjunction with the dividend announcement, Al-Abbas Sugar Mills also informed that the Share Transfer Books of the company will be closed from August 5, 2024, to August 7, 2024, both days inclusive. This closure is standard procedure to facilitate the processing of the dividend payments to the shareholders.
The announcement is part of the company’s ongoing efforts to deliver value to its shareholders and reflects its financial health and confidence in continued profitability.