Karachi: Bank Alfalah Limited has announced a second interim cash dividend at the rate of Rs. 1.5 per share, amounting to a 30% payout to its shareholders for the second quarter, which ended on June 30, 2026. This decision, made by the Board of Directors in a meeting on July 30, 2026, was detailed in newspaper clippings published in the 'Business Recorder' and 'Daily Express' across their Karachi, Lahore, and Islamabad editions.
According to the notice published, shareholders eligible for this dividend will be those whose names appear in the Register of Members by the close of business on August 12, 2026. The Share Transfer Books will remain closed from August 13, 2026, to August 16, 2026. Transfers received at the office of the Bank's Share Registrar, M/s. F. D. Registrar Services (Pvt.) Limited, before the deadline, will be considered timely for entitlement purposes.
The announcement also emphasized the mandatory submission of a valid Computerized National Identity Card (CNIC) by shareholders who have not yet complied. This submission should be directed to the Bank's Share Registrar to facilitate dividend processing.
In compliance with Section 242 of the Companies Act, 2017, Bank Alfalah reiterated the necessity for shareholders to provide complete and accurate details of their designated bank accounts for electronic dividend payments. Some shareholders have outstanding dividends due to incomplete bank information.
The bank also reminded shareholders about the withholding tax rates applicable on cash dividends under the Income Tax Ordinance, 2001, which are set at 15% for tax return filers and 30% for non-filers.
Furthermore, the bank addressed the transition from physical share scrips to book-entry form shares, in accordance with the Companies Act, 2017. Shareholders holding physical shares are urged to convert these into book-entry form through the Central Depository Company (CDC) or any authorized broker of the Pakistan Stock Exchange. This requirement stems from the Securities and Exchange Commission of Pakistan's directive issued in March 2021.
According to information available from the Pakistan Stock Exchange (PSX), Bank Alfalah's compliance with regulatory frameworks and shareholder communication reinforces its commitment to transparent financial practices in the designated market category.