Karachi, Standard Chartered Bank (Pakistan) Limited ("SCBPL") has announced a significant move by declaring an interim cash dividend of 40% for the year ending December 31, 2023. The decision was made during the bank's Board of Directors meeting held on August 23, 2023. This translates to Rs. 4/- per share of Rs. 10/- each.

In line with the declaration of this interim cash dividend, SCBPL will be temporarily closing its share transfer books. The share transfer books will remain closed from September 08, 2023, to September 12, 2023 (inclusive of both days). This closure aims to facilitate the proper assessment and determination of shareholders' entitlement to the announced cash dividend.

The Board's decision to declare this substantial interim cash dividend showcases Standard Chartered Bank (Pakistan)'s commitment to providing value to its shareholders and maintaining a steady financial performance.