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Karachi, Bank AL Habib Limited has officially announced the book closure for the first profit payment/redemption of its Tier 2 TFC-2022 “BAHLTFC IO.” According to the notification, the profit payment is scheduled for Friday, June 23, 2023.
To facilitate the process, the transfer books for the aforementioned TFC will remain closed from June 08, 2023, to June 22, 2023, inclusive of both days. During this period, no transactions or transfers related to the TFC will be processed.
The book closure is a standard practice in the financial industry, allowing the company to determine the final list of eligible shareholders for dividend or interest payments. It ensures that only those shareholders who are recorded in the books on the specified dates will be entitled to receive the profit payment.
The Tier 2 TFC-2022 “BAHLTFC IO” has been a popular investment option for individuals seeking secure and reliable returns. Bank AL Habib Limited aims to maintain transparency and efficiency throughout the profit payment process, ensuring the satisfaction of its valued shareholders.
For further information or any queries regarding the book closure or the Tier 2 TFC-2022 “BAHLTFC IO,” shareholders are encouraged to contact Bank AL Habib Limited’s investor relations department.