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Karachi, Jubilee Life Insurance Company Limited has successfully credited a final cash dividend of Rs. 10.00 per share, which is 100% of the share value, to shareholders for the year ending December 31, 2023. The dividends were deposited electronically on May 8, 2024, into the designated bank accounts of shareholders who provided valid identification and banking details.
The company also complied with Listing Regulation Nos. 5.6.9 (b) and 5.6.10 by transmitting notices to the Pakistan Stock Exchange. These notices, both in English and Urdu, are scheduled to be published in the Daily Business Recorder and Daily Nawa-i-Waqt on May 9, 2024.
Additionally, Jubilee Life Insurance has upheld the regulations stipulated by the Companies Act, 2017, and the Companies (Distribution of Dividends) Regulations, 2017. It withheld payments to shareholders lacking either a Computerized National Identity Card or complete bank account details. All pertinent details regarding the dividend payments, including tax deductions and net amounts credited, are accessible through the CDC Depository Web Portal.