Karachi: United Bank Limited (UBL) has declared a third interim cash dividend of Rs. 11 per share, representing a 110% payout for the year 2024. This announcement was made following a board meeting held on October 23, 2024. The entitlement for this dividend will be determined by closing the share transfer books from November 05 to November 07, 2024. Transfers received by M/s. THK Associates (Pvt.) Limited by the close of business on November 04, 2024, will be considered for the dividend entitlement.

Shareholders are urged to update their contact information and provide necessary identification documents to the bank’s Registrar and Share Transfer Agent to ensure timely processing. According to information available from the Pakistan Stock Exchange (PSX), compliance with Section 242 of the Companies Act, 2017, mandates that dividends be paid electronically into shareholders' bank accounts, making it essential for shareholders to submit their bank details, including IBAN, to receive payments.

Furthermore, the regulations permit the withholding of dividends if shareholders do not provide the required bank account information. Shareholders can submit these details through a "Bank Mandate Form" available on UBL’s website, and those with unclaimed dividends or share certificates are advised to contact the bank's registrar for resolution.

In compliance with Section 72 of the Companies Act, 2017, UBL encourages shareholders to convert their physical shares to book entry form. Assistance for this conversion is available through brokers, PSX Members, or CDC services. UBL's interim financial statements for the nine months ending September 30, 2024, are available on the bank’s website, and shareholders can request printed copies if desired.