Karachi: Askari Bank Limited has announced the closure of its transfer books for the 14th semi-annual profit payment on its Rated, Unsecured, OTC Listed Perpetual Term Finance Certificates (TFC-VI) amounting to Rs. 6.00 billion. The profit payment, scheduled for July 3, 2025, pertains to the TFC-VI issue that was initially launched on July 3, 2018.

The bank disclosed that the transfer books for this issue will remain closed from June 26, 2025, to July 2, 2025, inclusive of both dates. This information is crucial for TRE Certificate Holders of the exchange, as it delineates the period during which any transactions related to these certificates will be temporarily suspended.

According to information available from the Pakistan Stock Exchange (PSX), the TFC-VI is part of Askari Bank's strategic financial instruments aimed at optimizing their capital structure and facilitating long-term financial planning.

The designated market category for these certificates is the over-the-counter (OTC) market, which serves to provide flexibility and a broader range of investment opportunities for institutional investors. The announcement is a routine part of maintaining transparency and ensuring all stakeholders are informed of significant financial events as they pertain to the bank's obligations.