Karachi: Bank Alfalah Limited has announced the electronic disbursement of its interim cash dividend for the quarter ending March 31, 2025. The dividend, set at Rs 2.5 per share, equivalent to 25%, was credited to shareholders' bank accounts on May 9, 2025, following the decision made by the Bank's Board of Directors on April 17, 2025.
According to information available from the Pakistan Stock Exchange (PSX), the dividend disbursement aligns with the Companies (Distribution of Dividends) Regulations, 2017. Shareholders who provided valid International Bank Account Numbers (IBAN) received the dividend directly into their bank accounts.
However, the dividend payments have been withheld for shareholders who did not provide a valid CNIC number or IBAN. These shareholders are required to update their information to receive their respective dividend payments. The bank has assured that the withheld dividends will be credited to the designated bank accounts within 15 days of receiving the updated information.
Market participants, particularly TRE Certificate holders, have been advised to note these developments as part of the designated market category.