Karachi, Saif Power Limited, in a recent meeting held on August 29, 2023, has disclosed its Board of Directors' recommendations for various entitlements and actions. The company's proactive approach in addressing shareholder value has led to the declaration of a first interim cash dividend of Rs.1.29 per share (12.9%) for the second quarter that concluded on June 30, 2023.

The company, in line with its strategy, has chosen not to issue bonus shares or right shares in this instance. Furthermore, no other entitlement or corporate action is proposed, and the company has no additional price-sensitive information to share at this time.

To facilitate the dividend distribution process and related administrative procedures, Saif Power Limited has announced the closure of its Share Transfer Books from September 06, 2023, to September 08, 2023. This period encompasses both closure days and aims to streamline the dividend distribution process.

As per the "Annexure - A" accompanying this announcement, Saif Power Limited's unaudited condensed interim unconsolidated statement of profit or loss reveals financial performance metrics for the six months ended June 30, 2023. The company's turnover, net profit, and various expense components have been outlined, offering stakeholders a comprehensive overview of its financial position and performance.

Saif Power Limited's dividend declaration and the upcoming Share Transfer Books closure exhibit the company's commitment to shareholder value enhancement and responsible corporate governance. These steps not only reinforce the company's relationship with its investors but also provide transparency in its financial activities.