Karachi: Arif Habib Corporation Limited (AHCL) has concluded the credit of ordinary shares to shareholders of Arif Habib Limited (AHL) following a Scheme of Arrangement, according to a recent company announcement. The scheme, approved by the Board of Directors, involved the issuance of 13,321,747 AHCL shares to eligible shareholders based on a swap ratio of 0.8673 AHCL shares for each AHL share.

As of November 18, 2024, 12,965,525 AHCL shares have been credited to the respective accounts of entitled AHL shareholders, maintained with the Central Depository Company of Pakistan Limited. Physical share certificates for the remaining 356,222 shares, designated for shareholders holding physical certificates as of the Record Date of October 31, 2024, will be available for collection starting November 25, 2024, at the office of CDC Share Registrar Services Limited, Karachi. Uncollected certificates by November 28, 2024, will be dispatched to shareholders' registered addresses.

According to information available from the Pakistan Stock Exchange (PSX), the issuance of AHCL shares has increased the company's paid-up capital from 408.38 million shares to 421.70 million shares. Shareholders and stakeholders are advised to update their records accordingly.