Karachi: The Board of Directors of Bank AL Habib Limited declared a 35% third interim cash dividend, equivalent to Rs.3.50 per share, for the fiscal year ending December 31, 2025. The announcement was made during a meeting held on October 23, 2025.
The share transfer books of the bank will be closed from November 03, 2025, to November 05, 2025, for the determination of dividend entitlements. Share transfers submitted to the Share Registrar by the close of business on October 31, 2025, will be eligible for the cash dividend. Members are encouraged to update their contact information with the Share Registrar.
Pursuant to the Companies Act, 2017, dividends will be paid electronically to shareholders’ bank accounts. Shareholders yet to provide bank details must submit the E-Dividend Bank Mandate Form by October 31, 2025. Failure to provide correct banking information will result in withholding of dividends.
According to information available from the Pakistan Stock Exchange (PSX), the tax deduction on dividends will be 15% for those on the Active Taxpayer List and 30% for those not listed. Shareholders must ensure their names are on the list by November 10, 2025, to benefit from the lower tax rate.
Joint account holders must inform the bank of their shareholding proportions to ensure accurate tax deductions. Corporate entities seeking tax exemption must provide a valid certificate by October 31, 2025.
The Central Depository Company (CDC) offers a Centralized Cash Dividend Register (CCDR) for shareholders to track dividend payments. Shareholders are advised to register on the CDC’s eServices Portal for access to this information.
The bank continues to request shareholders to claim any unclaimed shares or unpaid dividends. Additionally, shareholders holding physical share certificates are advised to convert them into book-entry form as per the Companies Act, 2017.