Karachi: Bank AL Habib Limited has declared a 35% 2nd Interim Cash Dividend, equivalent to Rs. 3.50 per share, for the year ending December 31, 2026. The announcement was made following a board meeting held on August 20, 2026. The bank's share transfer books will be closed from September 1 to September 3, 2026, to determine the entitlement for this dividend. Share transfers must be completed by August 31 to qualify for the cash dividend.

In compliance with the Companies Act, 2017, dividends will be paid electronically to shareholders' designated bank accounts rather than through physical warrants. Shareholders are urged to provide their bank account details using the "E-Dividend Bank Mandate Form" available on the Bank's website and submit it by August 31, 2026, along with a valid CNIC to ensure timely receipt of dividends.

According to information available from the Pakistan Stock Exchange (PSX), shareholders must also ensure their names appear on the Active Taxpayer List (ATL) to benefit from a reduced withholding tax rate of 15% on dividends. Those not on the ATL will face a 30% tax deduction. Shareholders are advised to verify their tax status and provide necessary documentation to the bank's Share Registrar by August 31, 2026.

For joint account holders, the withholding tax will be calculated based on the shareholding proportions of the principal and joint shareholders. Information should be provided in writing to the Share Registrar. If not provided by the specified date, it will be assumed shares are equally held.

Corporate entities seeking tax exemption on dividend income must submit a valid tax exemption certificate to the Share Registrar by the end of August. The bank also reminds shareholders to use the Centralized Cash Dividend Register (CCDR) on the CDC's eServices Web Portal for detailed dividend information.

Additionally, shareholders with unclaimed shares or unpaid dividends are encouraged to lodge claims with the Bank’s Share Registrar promptly. Those holding physical share certificates are advised to convert them into Book-Entry Form as mandated by the Companies Act, 2017.