Habib Insurance Company Limited Issues Final Notice for Unclaimed Dividends

Karachi: Habib Insurance Company Limited has issued its final notice to shareholders regarding unclaimed or unpaid dividends, as per the requirements set forth in Section 244 of the Companies Act, 2017. This notice, dated March 18, 2025, aims to inform shareholders who have not claimed their dividends for a period of three years from the date of entitlement.

The notice has been published in the Business Recorder and Nawa-i-Waqt newspapers, urging eligible shareholders to file their claims for the respective dividends. The publication serves as a formal reminder to shareholders to take necessary action to secure their unclaimed dividends.

According to information available from the Pakistan Stock Exchange (PSX), the notice also entails informing the TRE Certificate Holders of the Exchange about this crucial development. This step is in line with the statutory obligations under the Companies Act, ensuring that all stakeholders are adequately informed and can act within the stipulated time frame.

The final notice serves as a critical reminder for shareholders to review their records and ensure that any unpaid dividends are claimed. This measure is part of the company's compliance with legal requirements, aiming to facilitate the rightful distribution of shareholder entitlements.