Lahore: Allied Bank Limited declared a substantial cash dividend after a positive financial performance in the third quarter of 2024, during a board meeting held on October 30, 2024, at Lahore.

The bank announced an interim cash dividend of Rs. 4.00 per share, amounting to 40%, for the quarter ending September 30, 2024. This comes in addition to the earlier dividends paid at Rs. 8.00 per share, totaling 80% for the year. According to information available from the Pakistan Stock Exchange (PSX), this move reflects the bank's ongoing commitment to delivering value to its shareholders amidst a favorable financial landscape.

The Board of Directors did not propose any new issues of bonus shares or rights shares during this period. Other corporate actions and price-sensitive information were not disclosed, indicating a focus on maintaining stable shareholder returns without additional equity adjustments.

Shareholders listed in the bank's Register of Members as of the close of business on November 8, 2024, will be eligible for the dividend. The Share Transfer Books of the bank will remain closed from November 11 to November 13, 2024. During this period, transfer requests received at the bank's Share Registrar, CDC Share Registrar Services Limited, located in Karachi, will be processed timely for the upcoming entitlement.

The detailed quarterly financial results, approved by the Board and summarized in Annexure A (Unconsolidated) and Annexure B (Consolidated), will be shared through the Pakistan Unified Corporate Reporting System (PUCARS) within the specified timeframe, providing comprehensive insights into the bank's performance.