Karachi: Bank AL Habib Limited’s shareholders convened for the bank’s 35th Annual General Meeting on March 30, 2026, where they endorsed several significant resolutions. The meeting’s proceedings were in line with regulation 5.6.9 (b) of the Pakistan Stock Exchange Rule Book.
The shareholders adopted the bank’s audited annual and consolidated accounts for the fiscal year ending December 31, 2025. This adoption included the accompanying reports from the Chairman, Directors, and Auditors, as confirmed by the resolutions passed at the meeting.
A notable decision from the meeting was the approval of a final cash dividend of 45%, equivalent to Rs. 4.50 per share. This is in addition to the 105% interim cash dividends, amounting to Rs. 10.50 per share, already paid to shareholders. Consequently, the total dividend for the year amounted to 150% or Rs. 15.00 per share, as proposed by the bank’s Directors.
According to information available from the Pakistan Stock Exchange (PSX), the reappointment of KPMG Taseer Hadi & Co., Chartered Accountants, as auditors for the ensuing year was also ratified. The auditors will serve for the fiscal year ending December 31, 2026, with remuneration to be set by the Board of Directors.
Furthermore, the remuneration package for Executive Director Mr. Qumail R. Habib was approved, stipulating that his monthly salary shall not exceed Rs. 6,050,000. This amount is exclusive of perquisites, benefits, and other allowances as outlined in his employment terms.
Bank AL Habib Limited operates within the financial sector, and these resolutions reflect the bank’s strategic decisions to maintain its fiscal responsibilities and governance protocols.