Karachi: United Bank Limited (UBL) announced its decision to close its share transfer books from July 22 to July 24, 2025, for determining entitlements to its second interim cash dividend for the year. The decision was made by UBL's Board of Directors during a meeting on July 11, 2025, where they recommended a dividend of Rs.8 per share, equivalent to 160% for the year 2025.

The designated market category for this announcement is the Pakistan Stock Exchange (PSX). According to information available from the Pakistan Stock Exchange (PSX), shareholders must ensure that any transfers are received by M/s. THK Associates (Pvt.) Limited, the Registrar and Share Transfer Agent of UBL, by the close of business on July 21, 2025, to be eligible for the dividend. Shareholders are also urged to update their addresses and provide their CNIC/NTN if not already provided.

In compliance with Section 242 of the Companies Act, 2017, and the Companies (Distribution of Dividends) Regulations 2017, UBL will disburse cash dividends directly into the bank accounts designated by shareholders using electronic means. Shareholders are therefore required to furnish their bank account details, including the bank's name, branch address, and International Bank Account Number (IBAN), to receive their dividends electronically. Failure to provide this information could lead to the withholding of dividend payments.

The bank has also addressed shareholders with unclaimed dividends or share certificates, advising them to contact UBL’s Registrar/Share Transfer Agent, M/s. THK Associates (Pvt.) Limited, Karachi. Notices have been sent to shareholders' registered addresses and published in nationwide newspapers to encourage submission of claims.

Furthermore, UBL has urged shareholders holding physical share certificates to convert them into a book entry form, in compliance with Sub Section 2 of Section 72 of the Companies Act, 2017. Shareholders are advised to contact a broker, PSX member, CDC participant, or CDC Investor Account Service for assistance in opening a CDS account and converting their shares.

The bank continues to take steps to comply with regulatory instructions and ensure that its shareholders are informed and compliant with all necessary requirements.