Karachi: MCB Investment Management Limited has officially credited an interim cash dividend to its shareholders for the half-year ending December 31, 2024. This move was executed after the company's Board of Directors declared the dividend during their meeting on February 4, 2025. The dividend was set at a rate of 35%, translating to Rs. 3.50 per share.
Shareholders who have provided valid International Bank Account Numbers (IBAN) received the dividend electronically in their designated bank accounts on February 25, 2025. However, shareholders who have yet to supply valid IBAN details are being prompted to submit this information to the company's share registrar, M/s CDC Share Registrar Services Limited, located at CDC House, 99-B, Block 'B', S.M.C.H.S., Main Shahra-e-Faisal, Karachi-74400.
According to information available from the Pakistan Stock Exchange (PSX), the interim cash dividend has been a regular practice for MCB Investment Management Limited to ensure timely distribution of profits to its investors. The company's commitment to transparency and shareholder value is reflected in its decision to publish advertisements regarding the dividend credit in the Business Recorder (English) and Express Tribune (Urdu) on February 26, 2025.
MCB Investment Management Limited operates within the designated market category, focusing on providing investment solutions to a diverse clientele. Shareholders and potential investors are encouraged to stay informed about their dividend entitlements and update their banking details to facilitate smooth transactions in the future.