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Islamabad: United Bank Limited (UBL) has disclosed its financial outcomes and shareholder entitlements for the half-year concluding on June 30, 2024, according to a recent meeting of its board of directors.
During the 250th board meeting in Islamabad on July 31, 2024, UBL’s directors approved an interim cash dividend of Rs.11 per share, marking a 110% dividend rate. This announcement follows a similar interim dividend issued previously for the same amount and percentage rate. The board confirmed that no new bonus shares, right shares, or other corporate actions would be forthcoming this period.
Shareholders registered by August 9, 2024, with their IBAN details correctly filed, will be eligible for the declared dividend. The bank has also planned a temporary closure of its Share Transfer Books from August 12 to August 13, 2024, to facilitate the processing of transfers. These transfers must be received by the close of business on August 9 at the Karachi office of UBL’s Share Registrar, M/s. THK Associates (Pvt.) Limited, to qualify for entitlements.
According to information available from the Pakistan Stock Exchange (PSX), the complete financial reports for both un-consolidated and consolidated accounts will be transmitted separately through the Pakistan Unified Corporate Action Reporting System (PUCARS) within the stipulated timeframe.
This financial declaration solidifies UBL’s commitment to rewarding its shareholders and maintaining transparent communication regarding its fiscal policies.