Karachi: Shareholders of Bank Alfalah Limited are facing the withholding of their cash dividends due to incomplete personal information, as disclosed in recent newspaper clippings. The clippings were published on March 30, 2026, in the daily “Business Recorder” and “Express” across Karachi, Lahore, and Islamabad editions.

The 34th Annual General Meeting of Bank Alfalah Limited, held on March 26, 2026, approved a final cash dividend of Rs. 3 per share, equivalent to 30% for the year ending December 31, 2025. The Companies Act, 2017 stipulates that these dividends should be credited directly to the bank accounts of shareholders listed in the register as of March 16, 2026.

However, the bank has withheld payments for those shareholders who have not provided a Computerized National Identity Card (CNIC) or a valid International Bank Account Number (IBAN), as mandated by the Companies (Distribution of Dividends) Regulations, 2017. According to information available from the Pakistan Stock Exchange (PSX), Bank Alfalah has already sent letters to the affected shareholders advising them to submit the necessary documents promptly.

The withheld dividend payments will be processed electronically within 15 days upon receipt of the required information. Shareholders are instructed to submit their information along with a legible copy of a valid CNIC. Those holding shares in electronic form via the Central Depository Company (CDC) should contact their CDC Participant or Investor Account Services, while those with physical share certificates should reach out to the Bank’s Share Registrar, F.D. Registrar Services (Pvt.) Ltd., at their Karachi office.

This situation highlights the importance of maintaining updated personal information in compliance with regulatory standards, ensuring seamless transactions and benefits for shareholders.