Karachi, Pakistan Hotels Developers Ltd. announced that its Board of Directors, in a meeting held on May 14, 2024, has recommended a third interim cash dividend for the year ending June 30, 2024. According to information available from the Pakistan Stock Exchange (PSX), the dividend is set at Rs. 4 per share, equivalent to 40%. This is in addition to the previously paid interim cash dividend of Rs. 6 per share, or 60%.

The dividend will be distributed to shareholders whose names are registered on the company's books by May 20, 2024. The share transfer books will be closed from May 21, 2024, to May 23, 2024, inclusive of both days. Transfers received at the Independent Share Registrar Office, M/s. F.D. Registrar Services (SMCPvt) Ltd., located at the 17th Floor, Saima Trade Tower — A, I.I. Chundrigar Road, Karachi by the close of business on May 20, 2024, will be considered for the purpose of the entitlement.