Karachi: IGI Holdings Limited has announced the successful electronic credit of its Final Cash Dividend for the fiscal year ending December 31, 2024, into the designated bank accounts of its shareholders. The dividend, calculated at Rs. 4 per share—equivalent to 40% of the share value—was approved during the company's Annual General Meeting held on April 30, 2025. The funds were electronically transferred to shareholders' accounts on May 5, 2025.
This announcement, made in compliance with Clause 5.6.9 (b) of the Pakistan Stock Exchange (PSX) Rule Book, was disseminated through a notice to shareholders, which will be published in both Business Recorder and NawaiWaqt newspapers. The designated market category for this transaction highlights the adherence to the regulatory framework governing dividend distributions.
According to information available from the Pakistan Stock Exchange (PSX), the dividend has been credited only to those shareholders who have submitted their valid Computerized National Identity Cards (CNICs) and International Bank Account Numbers (IBANs). The company has withheld dividends for shareholders who have not provided these essential details in compliance with the Companies Act, 2017, and Companies (Distribution and Dividends) Regulations, 2017.
Shareholders holding physical shares are urged to supply the necessary information to the company's Share Registrar, FAMCO Share Registration Services (Pvt.) Limited, using the electronic credit mandate form available on the company's website. Those with shares held by the Central Depository Company (CDC) must provide their details to the CDC Investor Account Services or their respective CDS Participants.
Additionally, IGI Holdings Limited has advised shareholders to promptly update any changes in their particulars, such as postal or email addresses and IBANs. Shareholders with physical shares should notify the company's Share Registrar in writing, while CDC Account Holders are advised to update their information through their CDC Participant.