Karachi: Adamjee Life Assurance Company Limited has announced the electronic disbursement of its final cash dividend for the fiscal year ending December 31, 2024. The dividend, set at Rs. 1.00 per ordinary share, representing a 10% return, was credited to shareholders' bank accounts on May 8, 2025.

The company has complied with Rule 5.6.9 of the Pakistan Stock Exchange rules, ensuring that a notice regarding the dividend credit is published in the newspapers on May 9, 2025. The dividend distribution is applicable to shareholders who have submitted their valid Computerized National Identity Card (CNIC) and International Bank Account Numbers (IBAN).

According to information available from the Pakistan Stock Exchange (PSX), details regarding the net amount credited, the number of shares held, the total amount of cash dividend, and any tax or zakat deductions have been made accessible for shareholders. These details can be obtained from the CDC Repository Web portal, managed by CDC Share Registrar Services Limited.

In compliance with Section 242 of the Companies Act, 2017, and a notification issued by the Securities and Exchange Commission of Pakistan in November 2017, Adamjee Life Assurance has withheld dividends from shareholders who have not provided complete bank account details, including their IBAN. Shareholders are urged to contact the company's share registrar office in Karachi to furnish the necessary documentation and banking information.

The distributions are part of the company's obligations under the designated market category. Shareholders can access the electronic form of the Centralized Cash Dividend Register by registering at the CDC Access e-Dividend portal for future record-keeping or tax filing purposes.