Meezan Bank Credits Interim Cash Dividend for 2023 to Shareholders’ Bank Accounts

Karachi, Meezan Bank has successfully credited the interim cash dividend for the year ending December 31, 2023, to its shareholders’ designated bank accounts. The Board of Directors, in a meeting held on April 18, 2023, approved the interim cash dividend of Rs. 3/- per share, amounting to 30% of the dividend rate.

The dividend disbursement took place between May 12, 2023, and May 15, 2023, through electronic mode, directly into the bank accounts of the shareholders who had provided their valid International Bank Account Numbers (IBANs). This streamlined process ensures convenience and efficiency in delivering dividend payments to the shareholders.

Meezan Bank, as an Islamic financial institution, adheres to the principles of Shariah and emphasizes transparency and equitable distribution of profits among its shareholders. The interim cash dividend serves as an incentive for investors and contributes to the overall growth and prosperity of the bank.