Karachi: Jubilee Life Insurance Company Limited has announced the issuance of Bonus Shares for the year 2026, marking a significant development for its shareholders. According to the company's report dated September 4, 2026, the Board of Directors approved a Bonus Share issuance in the proportion of one share for every two shares held, equating to a 50% bonus.

The credit of Bonus Shares was finalized on September 2, 2026, as per the procedures prescribed by the Central Depository Company of Pakistan Limited. Shareholders with entries in the Members' Register or the Central Depository System as of the close of business on August 27, 2026, were eligible for the bonus.

According to information available from the Pakistan Stock Exchange (PSX), the distribution process entailed direct crediting by the CDC, with 80% of the total entitlement already allocated. The remaining portion, consisting of 20% for tax-exempt shareholders and 10% for Filer and Roshan Digital Account holders, is pending until the completion of requisite data verification by the company.

In compliance with the Finance Act, 2024, and Section 236Z of the Income Tax Ordinance, 2001, the company will withhold Bonus Shares equivalent to the applicable withholding tax. The rates are set at 20% for Non-Filer shareholders and 10% for Filers, unless the tax due is settled by the shareholders within the designated period. The deadline for submitting the required tax payment documentation is September 14, 2026. Failure to meet this deadline will result in the withheld Bonus Shares being managed per the guidelines of Section 236Z(5) of the Income Tax Ordinance, 2001.