Karachi: Pak-Gulf Leasing Company Limited has announced the credit of its second interim cash dividend for the fiscal year ending June 30, 2025. In an official notice to shareholders, the company confirmed the distribution of a 17.5% dividend, equivalent to Rs. 1.75 per share. This payment was electronically transferred to shareholders who had provided valid identification and complete International Bank Account Number (IBAN) details as of May 2, 2025.

The announcement, made in compliance with regulation 5.6.9(b) of the Pakistan Stock Exchange (PSX) rule book, was published in Business Recorder and Nawa-i-Waqt on May 15, 2025. According to information available from the Pakistan Stock Exchange (PSX), the dividend has been credited to those registered shareholders who have fulfilled the necessary requirements for electronic payment.

The company has withheld dividend payments for shareholders who have not submitted their complete bank account details, including the 24-digit IBAN. These shareholders are advised to forward their bank details to their broker or the Central Depository Company of Pakistan Limited (CDC), depending on whether their shares are held in book-entry form or physically. Once the required information is received, the withheld dividend will be paid electronically within 15 days.

To streamline the dividend distribution process, the CDC has introduced a Centralized Cash Dividend Register (CCDR), an e-services web portal. The CCDR will provide shareholders with detailed records of dividends paid, unpaid, or withheld by listed companies. Shareholders will be able to access this information for record-keeping purposes, facilitated by an electronic report issued by the CDC. This report will include details such as dividend rates, net dividends paid, and deductions for tax and zakat.