Rawalpindi: Attock Refinery Limited held its 46th Annual General Meeting on October 17, 2024, addressing several pivotal fiscal decisions and corporate updates. Shareholders approved the audited financial statements for the year ending June 30, 2024, along with a significant dividend boost, as detailed in extracts from the meeting minutes disclosed to the Pakistan Stock Exchange.

In a key financial move, the company passed a resolution to distribute a final cash dividend of Rs. 12.50 per share, representing a 125% increase, supplemented by an interim dividend of Rs. 2.50 per share previously dispensed. This adjustment culminates in a total annual dividend of Rs. 15.00 per share or 150%, underscoring a robust fiscal stance for the year.

According to information available from the Pakistan Stock Exchange (PSX), Attock Refinery's shareholders also resolved to appoint Ferguson and Co. Chartered Accountants as the company's auditors for the upcoming year. This decision reflects a strategic shift in auditing responsibilities, with the new firm set to continue ensuring compliance and transparency in Attock’s financial activities. The auditor’s fees and terms will be mutually agreed upon with the CEO, suggesting a tailored approach to the company’s audit processes moving forward.

The resolutions, approved through both physical and virtual participation methods to accommodate all shareholders, highlight Attock Refinery's commitment to maintaining rigorous financial health and adapting to dynamic corporate governance standards.