AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: In an extraordinary move, Pakistan Hotels Developers Ltd. has declared a substantial interim cash dividend for the fiscal year ending June 30, 2025, amounting to Rs. 725 per share, or 7250%.
The Board of Directors, in a meeting held on July 8, 2024, in Karachi, made this announcement following a significant capital inflow from the sale of Regent Plaza Hotel. This dividend is notable as it follows a period where the previous dividend was reported as Rs. NIL per share.
According to information available from the Pakistan Stock Exchange (PSX), this payout will be distributed to shareholders listed on the company’s register as of July 15, 2024. The company has also scheduled a closure of its share transfer books from July 16 to July 18, 2024, to facilitate the processing of this dividend.
Transfers completed at the offices of F.D. Registrar Services (SMC Pvt) Ltd., Karachi by the close of business on July 15, will be eligible for the dividend. This significant dividend payout highlights the company’s robust financial management and commitment to rewarding its shareholders.