Karachi: Habib Insurance Company Limited has announced the crediting of bonus shares to its shareholders, marking a notable event in the financial activities of the company. The bonus shares, calculated at a rate of 61.45% of 100%, have been successfully deposited into the Central Depository System (CDS) of the Central Depository Company of Pakistan Limited (CDC) as of September 9, 2026.

According to information available from the Pakistan Stock Exchange (PSX), this move represents a significant step for Habib Insurance as it continues to engage with its shareholders through share bonuses. The company's decision to credit these bonus shares reflects a very large move in its financial strategy, enhancing shareholder value and engagement.

In accordance with the regulations, the remaining 10% to 20% of withheld bonus shares will be credited separately. This will occur once the applicable withholding tax, as stipulated under Section 2367 of the Income Tax Ordinance, 2001, is received. The release and credit of these shares will follow the completion of necessary formalities and tax payments by the shareholders.

The distribution of bonus shares is a crucial process for Habib Insurance, ensuring that shareholders are adequately rewarded and that the company's financial commitments are met. This announcement and subsequent crediting of shares underscore the company's commitment to maintaining a transparent and efficient operation in the market category.