AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi, Shaheen Insurance Company Limited has announced the approval of a cash dividend during its 29th Annual General Meeting (AGM) held on April 22, 2024, in Karachi. The resolution, initially omitted from the first communication, has been rectified in an addendum provided to the Pakistan Stock Exchange.
The company has resolved to distribute a cash dividend at a rate of 2.5 percent for the fiscal year ended December 31, 2023. This translates to Rs.0.25 per ordinary share, with each share valued at Rs 10. The dividend was recommended by the company’s board of directors and subsequently ratified by the shareholders at the AGM.