Karachi: Habib Metropolitan Bank Limited has announced the credit of a 25% interim cash dividend, equivalent to Rs.2.50 per share, for the fiscal year ending December 31, 2025. This announcement follows the approval by the bank's Board of Directors during a meeting on April 22, 2025.

The interim dividend has been electronically credited directly into the bank accounts of shareholders who have provided valid Computerized National Identity Card (CNIC) numbers and International Bank Account Numbers (IBANs). This electronic transfer aligns with the requirements set by Section 242 of the Companies Act 2017 and the Companies (Distribution of Dividends) Regulations 2017.

However, dividends were withheld for shareholders who submitted incorrect or incomplete bank account information or failed to provide their CNICs and complete bank details, including valid IBANs. Shareholders who have not yet received their dividends are urged to contact the Bank's Share Registrar or the Participant/Investor Account Services of the Central Depository Company of Pakistan to rectify their details. Instructions and forms are available on Habib Metropolitan Bank's website.

According to information available from the Pakistan Stock Exchange (PSX), the withholding of dividends due to incomplete information is a common compliance measure in the financial sector, ensuring that only eligible and verified shareholders receive their entitlements.

The bank also encourages shareholders to utilize the Centralized Cash Dividend Register (CCDR) developed by the Central Depository Company of Pakistan. This platform allows shareholders to access and retrieve details of their dividends for record-keeping purposes.

The designated market category for this announcement is the financial sector, where Habib Metropolitan Bank is a prominent player.