MCB Funds Announces Dividend and Bonus Shares for Half-Year Results

Karachi, MCB Investment Management Limited, operating under the brand MCB Funds, has declared an interim cash dividend of Rs. 3.50 per share, which is 35 percent of the share value, for the half-year period ended December 31, 2023. Additionally, the Board of Directors recommended issuing 11 percent bonus shares to its shareholders. No right shares were proposed as part of the financial decisions made during the board meeting held on February 2, 2024, at the company’s headquarters on I.I Chundrigar Road, Karachi.

The entitlement to the dividend and bonus shares will be accorded to the shareholders listed in the company’s register by the close of business on February 15, 2024. The company’s share transfer books will be closed from February 16 to February 20, 2024, to facilitate this distribution. Transfers received by the company’s share registrar, CDC Share Registrar Services Limited in Karachi by the close of business on February 15, 2024, will be eligible for the entitlement.

MCB Funds did not disclose specific financial figures in their announcement to the Pakistan Stock Exchange. However, it was noted that the half-yearly financial report for the period ending December 31, 2023, will be made available through the Pakistan Unified Corporate Reporting System (PUCARS) within the specified timeframe.

This financial announcement reflects MCB Funds’ commitment to delivering value to its shareholders and its positive performance over the reported period. Further details on the company’s financial results are expected to be provided in the half-yearly report.