Karachi: Mari Petroleum Company Limited has successfully transferred the final dividend for the fiscal year ending June 30, 2024, at the rate of Rs. 134.00 per share (1,340%), directly into the bank accounts of eligible shareholders on September 26, 2024. This significant disbursement underscores the company's strong performance and commitment to rewarding its investors.

According to information available from the Pakistan Stock Exchange (PSX), the process has faced a hiccup as dividends for some shareholders have been withheld. The company has taken this step in compliance with the Companies Act, 2017, which requires shareholders to provide their International Bank Account Number (IBAN) and a copy of a valid CNIC to facilitate electronic transactions.

Mari Petroleum has initiated communication with affected shareholders, sending intimation letters urging them to provide the necessary documentation to receive their dividends. This measure ensures adherence to regulatory requirements and secures the financial interests of the shareholders.

The company has requested that the Members of the Exchange be informed about these updates to maintain transparency and uphold the principles of good corporate governance.