Attock Cement Pakistan Ltd. Announces Dividend and Auditor Reappointment at 45th AGM

Karachi: Attock Cement Pakistan Limited has passed key resolutions at its 45th Annual General Meeting, enhancing shareholder returns and ensuring continuity in its audit processes. The meeting, held on October 21, 2024, concluded with significant financial and administrative decisions that are poised to impact both the company and its shareholders.

The company has approved the annual audited financial statements for the fiscal year ended June 30, 2024, alongside the Directors’ and Auditors’ Report. According to information available from the Pakistan Stock Exchange (PSX), these documents reflect the company’s financial health and strategic direction, receiving unanimous support from the shareholders.

A significant resolution was the approval of a final cash dividend of Rs. 4.00 per share, which translates to a 40% dividend yield based on the shareholdings recorded as of October 11, 2024. This dividend is in addition to the interim dividend of Rs. 2.50 per share or 25%, distributed earlier in the fiscal year, cumulatively rewarding shareholders with a substantial return on investment.

Further, the shareholders have reappointed A.F. Ferguson and Co., Chartered Accountants, as the company’s auditors for another year. This decision underscores the firm’s long-standing relationship with Attock Cement and its proven track record in maintaining rigorous financial oversight.

These resolutions aim to bolster investor confidence and maintain the company’s reputation for robust financial management and consistent shareholder value.

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