Karachi: Silkbank Limited has announced that for the quarter ending March 31, 2024, no dividends or shares will be distributed to stakeholders, as per the financial results disclosed by the bank. The announcement was made following a Board of Directors meeting held on February 26, 2025, in Karachi.

The board meeting, convened at 11:00 a.m. at the bank's head office located in Clifton, Karachi, concluded with a decision not to recommend any cash dividends, bonus shares, or right shares for the quarter. Additionally, the board reported no other entitlements, corporate actions, or price-sensitive information during this period.

According to information available from the Pakistan Stock Exchange (PSX), the bank's financial results for the first quarter of 2024 have been approved and will be disseminated through the PUCARS system in a timely manner. The bank's decision reflects the current financial strategy as it navigates the market conditions specific to its designated market category.

The attached Annexure - A contains the detailed financial results, while the First Quarterly Report will be made available separately, ensuring all stakeholders are informed within the regulated timeframe set by the exchange authorities.