Karachi: The Board of Directors of Arif Habib Dolmen REIT Management Limited, responsible for managing Dolmen City REIT, has announced an interim cash dividend for the half-year ending December 31, 2024. The announcement was made following a board meeting held on January 6, 2025, in Karachi.

The board approved an interim cash dividend of Re. 0.55 per unit, translating to an annualized rate of 22.0%. This is in addition to a previously declared interim dividend of Re. 0.50 per unit, or an annualized rate of 20.0%. Cumulatively, the Scheme has announced interim dividends of Rs. 1.05 per unit, reflecting a 10.5% dividend for the financial year 2024-2025.

The designated market category for this announcement is financial services, specifically focusing on the real estate investment trust (REIT) sector. According to information available from the Pakistan Stock Exchange (PSX), the entitlement to this dividend will be granted to unit-holders whose names are recorded in the register by January 16, 2025. The share transfer books will remain closed from January 17, 2025, to January 19, 2025, inclusive of both dates.

Transfers completed by the close of business on January 16, 2025, at the office of the share registrar, M/s. CDC Share Registrar Services Limited in Karachi, will be eligible for the dividend. Furthermore, the TRE Certificate Holders of the Exchange will be duly informed of this development.

This strategic financial move underscores the board’s commitment to providing consistent returns to investors, reinforcing Dolmen City REIT’s position as a reliable investment vehicle in the Pakistani market.