Allied Bank Limited Credits 2nd Interim Cash Dividend to Shareholders for 2023; Notices to be Published on September 11, 2023

Business & Finance

Karachi, Allied Bank Limited, one of Pakistan's leading financial institutions, is delighted to announce the successful crediting of the 2nd Interim Cash Dividend for the year ending December 31, 2023, to its valued shareholders. The Board of Directors, in its 263rd Meeting held on August 17, 2023, approved a generous dividend of 25%, equivalent to Rs. 2.50 per share.

The bank efficiently processed the distribution of dividends through electronic mode, directly transferring the dividend amounts into the designated bank accounts of shareholders who had submitted their valid Computerized National Identity Cards (CNICs) and valid International Bank Account Numbers (IBANs). Shareholders were also promptly notified of this development through Short Message Service (SMS) and/or email.

However, in cases where shareholders have not received these notifications, Allied Bank Limited kindly requests them to provide the necessary details to the Share Registrar of the bank. This ensures that all shareholders receive their dividends without delay, as the bank values transparency and prompt service to its shareholders.

To further facilitate this process and address any potential concerns, the bank has decided to publish notices in newspapers on September 11, 2023, as a reminder to shareholders who may have missed the initial communication. These notices will provide guidance on the required steps to update their information with the Share Registrar.

Allied Bank Limited remains committed to maintaining the highest standards of corporate governance and shareholder engagement, and this timely dividend distribution is a testament to their dedication to shareholder value. Shareholders are encouraged to take the necessary action to ensure the seamless transfer of their dividends and continue to enjoy the benefits of their investment in the bank.