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Karachi, Allied Bank Limited, after a pivotal Board of Directors meeting held on August 17, 2023, in Lahore, has announced the recommendation of an interim cash dividend for the quarter ended June 30, 2023. The proposed dividend amounts to Rs. 2.50 per share, reflecting a significant 25% return for the shareholders.
This interim cash dividend comes as an addition to the previously paid interim dividend(s) at a similar rate of Rs. 2.50 per share, consolidating the bank’s commitment to delivering value to its shareholders.
The approved financial results for both the un-consolidated and consolidated profiles of the bank have been outlined in Annexure-A and Annexure-B, respectively. Shareholders eligible to receive the dividend must have their names listed in the Register of Members by August 29, 2023.
In line with this development, Allied Bank Limited has scheduled the closure of its Share Transfer Books from August 30, 2023, to September 01, 2023, inclusively. This move further signifies the bank’s dedication to regulatory compliance and enhancing the overall transparency of its operations.
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