Karachi: MCB Bank Limited has declared a significant second interim cash dividend at a rate of 90%, which translates to PKR 9.00 per share, for the quarter ending June 30, 2026. This announcement was made following a board meeting on August 6, 2026, as reported in a statement issued by the bank.

According to information available from the Pakistan Stock Exchange (PSX), the dividend will be disbursed to shareholders whose names appear on the Register of Members at the close of business on August 18, 2026. In compliance with regulatory norms, the bank's share transfer books will remain closed from August 19 to August 20, 2026, to determine entitlement, and no transfers will be registered during this period.

In line with Securities & Exchange Commission of Pakistan mandates, the bank emphasized that dividends will only be paid to shareholders who have submitted valid CNICs, IBANs, and necessary tax documentation. Shareholders lacking such information are urged to provide it promptly to ensure receipt of their dividend payments. Additionally, there is a request for shareholders to update their email addresses to facilitate communication.

The bank also addressed the issue of unclaimed dividends and share certificates, advising shareholders to claim any outstanding dividends or certificates. For joint account holders, MCB Bank Limited has requested communication of their shareholding proportions to apply the correct withholding tax rates based on filer or non-filer status.

Further, the bank highlighted the recent Lahore High Court ruling concerning tax exemptions for mutual funds, noting that relevant approval or exemption certificates must be submitted by August 26, 2026, to avoid standard tax deductions on dividends.

Lastly, MCB Bank Limited reiterated the requirement for shareholders to convert physical share certificates into electronic form, as per the Companies Act, 2017. The conversion is encouraged to ensure the security of shares and compliance with legal provisions.