Karachi: Shaheen Insurance Company Ltd. has announced the successful dispatch and crediting of bonus share certificates to its shareholders. The bonus shares, representing a 25% issuance for the period ending December 31, 2024, were approved on April 28, 2025, and have been distributed via courier service or credited to shareholders' accounts in the Central Depository System (CDS) of the Central Depository Company of Pakistan Limited (CDC) as of June 3, 2025.

According to the company's statement, the crediting and dispatch of the bonus shares are currently limited to 80% to 90% of the total bonus shares, depending on the shareholders' tax status. The remaining shares will be distributed following the collection of income tax, as mandated under section 236Z of the Income Tax Ordinance, 2001.

The distribution of these shares is aimed at rewarding shareholders and enhancing shareholder value. According to information available from the Pakistan Stock Exchange (PSX), such actions are part of Shaheen Insurance Company Ltd.'s strategic efforts to maintain investor confidence and ensure compliance with regulatory requirements.

Shareholders are advised to verify receipt of their bonus shares through their respective accounts or courier service and to ensure compliance with any applicable tax regulations to facilitate the efficient receipt of the remaining shares.