Karachi: Pakistan Oilfields Limited has announced the electronic transfer of its final cash dividend of Rs 70.00 per share, reflecting a 700% payout for the fiscal year ending June 30, 2024. The dividend distribution, facilitated by Bank Alfalah Limited, was completed on October 30, 2024, directly into shareholders’ designated bank accounts.

According to information available from the Pakistan Stock Exchange (PSX), the dividend distribution aligns with the company’s commitment to providing timely returns to its shareholders. In an effort to enhance transparency and ease of access, the Central Depository Company (CDC) has also introduced an e-Dividend Repository Portal. This platform, accessible to all shareholders holding CDC accounts, consolidates dividend-related information, including credited amounts, tax deductions, and net dividend paid.

For shareholders who have not updated their bank account details or identification numbers, Pakistan Oilfields noted that dividends would be withheld in compliance with the Companies (Distribution of Dividend) Regulations, 2017. These withheld dividends will be processed according to applicable laws and regulations, ensuring regulatory compliance.

Pakistan Oilfields Limited remains dedicated to enhancing shareholder value through efficient dividend management and regulatory adherence, reflecting its strong corporate governance framework.