Karachi, Shareholders of Al-Abbas Sugar Mills Limited have received important information regarding the distribution of Interim Cash Dividend for the fiscal year ending on September 30, 2023. The company has successfully credited the Interim Cash Dividend at the rate of Rs. 25.00 per share (250%) directly into the designated bank accounts of shareholders who have previously submitted their CNIC (Computerized National Identity Card) and International Bank Account Numbers (IBAN).

In accordance with Section 242 of the Companies Act, 2017, and subsequent notification through SRO 1145 (1) 2017 of the Securities & Exchange Commission of Pakistan (SECP), the company has taken steps to withhold dividends for shareholders who have not yet provided their complete bank details, including IBAN.

This move underscores Al-Abbas Sugar Mills Limited's commitment to complying with legal and regulatory requirements while ensuring that shareholders receive their entitled dividends through efficient and secure electronic channels. Shareholders who have not yet submitted their bank details are encouraged to do so to ensure timely receipt of dividends in the future.