Karachi: Allied Bank Limited has announced the distribution of its first interim cash dividend for the fiscal year ending December 31, 2025. In a move aligned with Regulation No. 5.6.10 of the Pakistan Stock Exchange (PSX) Rule Book, the bank has credited a dividend of Rs. 4.00 per share, representing a 40% payout, directly into the designated bank accounts of its shareholders. The transaction was completed between May 15, 2025, and May 16, 2025.

According to information available from the Pakistan Stock Exchange (PSX), the dividend was approved by the bank's Board of Directors in a meeting held on April 24, 2025. Shareholders were notified of the credit through electronic communications, including SMS and email. The bank has urged shareholders who have not received such notifications to submit their necessary details to the bank's Share Registrar.

In compliance with the Companies Act of 2017 and the Companies Regulations of 2024, Allied Bank has withheld dividends for shareholders who have not provided complete and valid bank account details, including CNICs and International Bank Account Numbers (IBANs). The bank has requested these shareholders to provide their updated information to avoid future inconveniences.

The Securities and Exchange Commission of Pakistan (SECP) has directed listed companies to transition physical shares to a book-entry form. Allied Bank has advised its shareholders holding physical shares to open investor accounts with the Central Depository Company (CDC) or a sub-account with a broker to facilitate this conversion.

Shareholders are also encouraged to claim any unclaimed or unpaid dividends and share certificates. The bank has issued individual letters to those with outstanding claims and has invited them to lodge their claims with the Share Registrar.

In a related development, the CDC has launched a Centralized Cash Dividend Register (CCDR) as part of its e-Services web portal. This initiative aims to provide shareholders with comprehensive records of dividends paid, unpaid, or withheld by listed companies. Shareholders can use the portal for record-keeping and to access detailed dividend histories.

The bank's notices regarding the dividend and related shareholder information are scheduled to be published in the Daily Business Recorder and Nawa-i-Waqt on May 17, 2025, as per the regulatory requirements.