Karachi: Jubilee Life Insurance Company Limited (JLICL) announced the electronic crediting of an interim cash dividend at the rate of Rs. 03.00 per share, representing a 30% payout for the first half of the year ending on June 30, 2026. The dividends were credited to the shareholders' designated bank accounts or 24-digit International Bank Account Numbers (IBAN) on September 08, 2026.
The action aligns with the provisions set by the Companies Act, 2017, and the Companies (Distribution of Dividends) Regulations, 2017. According to information available from the Pakistan Stock Exchange (PSX), the dividend payout is a regular financial operation for JLICL, adhering to the legal and regulatory frameworks governing corporate distributions in Pakistan.
However, the company has withheld the dividends for shareholders who have not submitted valid IBAN details or copies of their Computerized National Identity Cards (CNICs). This move ensures compliance with the requirements established by the regulatory authorities, aimed at maintaining transparency and accountability in financial transactions.