Karachi: Bank Alfalah Limited has confirmed the disbursement of its final cash dividend for the fiscal year ending December 31, 2024. The announcement was made following unanimous approval by shareholders during the bank's 33rd Annual General Meeting held on March 20, 2025. The dividend, amounting to Rs 2.5 per share, representing a 25% payout, was credited to shareholders' accounts on March 25, 2025.

According to the bank, the dividend has been distributed through electronic means to those shareholders who have provided valid International Bank Account Numbers (IBAN). The process aligns with the Companies (Distribution of Dividends) Regulations, 2017, ensuring efficient and timely transactions.

However, the bank has withheld payments for shareholders who have not submitted the necessary identification, such as a valid CNIC number or IBAN. In such cases, the dividend will be credited to the respective accounts within 15 days upon receipt of the required information.

According to information available from the Pakistan Stock Exchange (PSX), the disbursement is part of the bank's ongoing commitment to adhere to regulatory requirements and enhance shareholder value. This move is expected to instill confidence among investors and stakeholders in the market category.

The bank has urged shareholders to update their information promptly to avoid delays in receiving their dividends. The notification serves as a reminder for TRE Certificate holders to inform their clients about the dividend credit status and the necessary steps for information updates.