United Bank Limited Approves 110% Interim Cash Dividend for Half-Year Ended June 2023

Karachi, United Bank Limited (UBL) has announced the approval of an interim cash dividend for the half-year ended June 30, 2023, at an impressive rate of Rs. 11 per share, equivalent to 110%. This dividend is in addition to the interim dividend already paid at Rs. 11 per share. The decision was made during the 244th meeting of the Board of Directors held on July 19, 2023, in Islamabad.

The financial results for the unconsolidated and consolidated accounts of UBL for the said period have been attached as Annexure “A” and Annexure “B,” respectively. Shareholders whose names appear in the Register of Members (with their IBAN details) on July 31, 2023, will be entitled to receive the dividend.

Additionally, UBL has announced that the Share Transfer Books will remain closed from August 1, 2023, to August 3, 2023 (both days inclusive). Transfers received by the office of the Share Registrar, M/s. THK Associates (Pvt.) Limited, Karachi-75400, by the close of business on July 31, 2023, will be treated in time for the purpose of the above dividend entitlement to the transferees.

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