Standard Chartered Bank (Pakistan) Recommends 40% Interim Cash Dividend for 2023

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Karachi, Standard Chartered Bank (Pakistan) Limited’s Board of Directors, following a meeting held in Karachi on August 23, 2023, has proposed an interim cash dividend of 40% (Rs. 4 per share of Rs. 10 each) for the year ending December 31, 2023. This interim dividend recommendation reflects the bank’s commitment to providing value to its shareholders.

To facilitate the distribution of the proposed dividend, the company’s share transfer books will remain closed from September 8, 2023, to September 12, 2023, encompassing both days.

The bank’s unaudited Profit and Loss Account for the six months period ended June 30, 2023, reveals positive financial performance. The bank recorded a profit after taxation of Rs. 9,593,968,000 for the mentioned period, indicating a strong operational performance.

Standard Chartered Bank (Pakistan) Limited’s commitment to delivering value to its shareholders and maintaining a robust financial position is evident through these developments.

The post Standard Chartered Bank (Pakistan) Recommends 40% Interim Cash Dividend for 2023 appeared first on Pakistan Company News.