Karachi: Engro Powergen Qadirpur Limited has announced the electronic crediting of its first interim cash dividend for the year, a substantial 35%, or Rs. 3.50 per share, as of August 21, 2024.

This significant financial distribution was directly deposited into the bank accounts of shareholders who provided electronic mandates and valid 24-digit International Bank Account Numbers (IBANs). According to information available from the Pakistan Stock Exchange (PSX), this move demonstrates Engro Powergen Qadirpur’s adherence to modern financial practices and its commitment to timely shareholder returns.

However, the company has also adhered to the regulations set forth in the Companies Act of 2017, withholding dividends for those shareholders who failed to provide either their IBANs or a valid copy of their CNICs. This decision reflects the company's strict compliance with regulatory requirements aimed at ensuring financial transparency and accountability.

Engro Powergen Qadirpur’s management has requested that the information be relayed to TRE Certificate Holders of the Exchange, ensuring that all participants in the market are fully informed of these developments.