Karachi: Bank Alfalah Limited has announced a significant update concerning its second interim cash dividend distribution for the second quarter ending June 30, 2026. The bank’s Board of Directors, in a meeting held on July 30, 2026, recommended a cash dividend payout of Rs. 1.5 per share, equating to a 30% dividend rate. The disbursement is scheduled for shareholders listed in the register of members as of the close of business on August 12, 2026, with the share transfer books of the bank closed from August 13, 2026, to August 16, 2026.

However, the distribution process is encountering hurdles due to compliance requirements under the Companies (Distribution of Dividends) Regulations, 2017. The bank is withholding dividend payments for shareholders who have not provided their Computerized National Identity Card (CNIC) and/or their International Bank Account Number (IBAN). This regulation necessitates the submission of these details to ensure electronic crediting of dividends.

According to information available from the Pakistan Stock Exchange (PSX), the bank has communicated with affected shareholders, urging them to submit the necessary information promptly. The bank has assured that once the requisite details are received, the withheld dividends will be electronically disbursed within 15 days.

Shareholders holding shares in electronic form have been advised to submit their information to CDC Participant (Broker) or Investor Account Services. Meanwhile, those holding shares in physical form are directed to contact the bank’s share registrar, F.D. Registrar Services (Pvt.) Ltd, located at Office # 1705, 17th Floor, Saima Trade Tower - A, I.I. Chundrigar Road, Karachi-74000.

This procedural step is crucial for meeting the regulatory standards set forth by the Companies Act, 2017, and ensuring a seamless dividend distribution process for all entitled shareholders.