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Karachi: Allied Bank Limited has successfully credited the second interim cash dividend for the year ending December 31, 2024, to its shareholders’ accounts, according to information available from the Pakistan Stock Exchange (PSX).
On August 21, 2024, the Board of Directors of Allied Bank Limited approved a second interim cash dividend of Rs. 4.00 per share, which amounts to 40% of the share value, for the fiscal year ending on December 31, 2024. This dividend distribution was electronically transferred into the bank accounts of shareholders who had provided valid Computerized National Identity Cards (CNICs) and International Bank Account Numbers (IBANs) between September 11, 2024, and September 13, 2024.
Shareholders who have not yet received an intimation regarding this credit are encouraged to contact the Share Registrar at CDC Share Registrar Services Limited in Karachi to update their records and ensure future dividends are received without delay. The necessary contact details have been provided, and shareholders are reminded to provide their folio or CDC account numbers, CNIC, contact numbers, and email addresses.
Furthermore, in line with Regulation No. 5.6.9(b) of the PSX Rule Book, notices in both English and Urdu will be published in the Daily Business Recorder and Nawa-i-Waqt on September 14, 2024, detailing the dividend credit event.
In addition to crediting dividends, Allied Bank Limited has emphasized the mandatory conversion of physical shares into book-entry form as per the directives of the Securities and Exchange Commission of Pakistan. This move is aimed at enhancing the safety, and security of shares and facilitating easier transactions.
The bank has also made provisions for the claiming of unclaimed dividends and shares, urging shareholders to lodge their claims through the designated channels provided. Details for this process can be found on Allied Bank’s investor relations webpage.
For shareholders looking to access historical dividend data, the Central Depository Company of Pakistan Limited has developed the Centralized Cash Dividend Register, an e-service web portal that maintains detailed records of dividends paid, unpaid, or withheld by listed companies.
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