Wafi Energy Pakistan Credits Final Cash Dividend to Shareholders

Karachi: Wafi Energy Pakistan Limited announced that it has credited the bank accounts of eligible shareholders with the final cash dividend amounting to Rs. 5 per share, as approved by the Board of Directors in their meeting on February 20, 2025. This dividend represents a 50% payout.

The distribution, which took place on May 13, 2025, aligns with the company's adherence to the Companies Act 2017. However, the company has withheld dividends from shareholders who have not submitted their International Bank Account Numbers (IBAN) or copies of their Computerized National Identity Cards (CNIC).

According to information available from the Pakistan Stock Exchange (PSX), this measure ensures compliance with regulatory requirements and facilitates the smooth processing of dividend payments. The company has requested that this information be disseminated to members of the exchange.

Wafi Energy operates within the energy sector, contributing to the energy market category on the Pakistan Stock Exchange. The company has urged shareholders to comply with the necessary documentation to receive their entitled dividends promptly.