Lahore: In a comprehensive display of shareholder consensus, Soneri Bank Limited successfully convened its 34th Annual General Meeting on March 12, 2026. The meeting was held both in-person at the bank’s Lahore location and via video-link to accommodate broader participation.

During the meeting, shareholders confirmed the minutes from the previous year’s gathering, approving them without amendment. The assembly also officially adopted the bank’s Annual Audited Accounts for the fiscal year ending December 31, 2025, alongside the Directors’ and Auditors’ Reports.

A significant resolution passed was the approval of a final cash dividend of Rs. 1.50 per share, translating to a 15% dividend for the year ended December 31, 2025. This appropriation amounts to approximately Rs. 1.65 billion. The dividend is designated for shareholders listed in the bank’s register as of March 4, 2026. The President and CEO, along with the Company Secretary, have been authorized to execute necessary actions for dividend distribution.

In the election of directors, the meeting saw the unopposed election of seven directors for a three-year term beginning March 28, 2026. The elected individuals include Mr. Amin A. Feerasta, Mr. Nooruddin Feerasta, Mr. Ahmed A. Feerasta, Mr. Jamil Hassan Hamdani, Ms. Navin Salim Merchant, Dr. Sohail Razi Khan, and Mr. Manzoor Ahmed, the latter serving as the NIT Nominee. These appointments are subject to approval by the State Bank of Pakistan following the Fit and Proper Test guidelines.

According to information available from the Pakistan Stock Exchange (PSX), Soneri Bank Limited followed all regulatory requirements, ensuring compliance with the Pakistan Stock Exchange, Securities & Exchange Commission of Pakistan, and State Bank of Pakistan directives.

The resolutions reflect a strategic alignment within Soneri Bank Limited, with shareholders endorsing both financial and governance measures that set the course for the bank’s operational and strategic objectives in the coming years.