Shaheen Insurance Company Limited Declares Combined Dividend and Bonus Issue

Karachi, In a significant financial declaration to the Pakistan Stock Exchange, Shaheen Insurance Company Limited announced a combined dividend payout and bonus share distribution. The company has declared a 2.5% final dividend alongside a 7.5% bonus share issuance for its shareholders. The entitlement period for this distribution begins on April 22, 2024, with the transfer books closing on the same date. The announcement specified that the book closure would start from April 9, 2024, and the distribution process is slated for 11:00 AM on April 22, 2024. This move reflects Shaheen Insurance’s strategy to reward its investors while also reinvesting in its share capital.