Arif Habib Limited Recommends Cash Dividend and Bonus Shares for the Year Ended June 30, 2023.

Karachi -- Arif Habib Limited (AHL), a leading financial institution, announced its Board of Directors' recommendations in a meeting held on September 26, 2023, at the Arif Habib Centre and via video-link facility. The recommendations include cash dividends, bonus shares, and right shares for the year ended June 30, 2023.

Cash Dividend:

The Board of Directors has recommended a final cash dividend of Rs. 2.50 per share, equivalent to 25% of the face value. This dividend is in addition to the interim dividend, which was previously paid at Rs. Nil per share.

Bonus Shares:

Arif Habib Limited also recommended the issuance of bonus shares at a ratio of Nil shares for every Nil shares held, resulting in a bonus share distribution of Nil%. This is in addition to the interim bonus shares already issued.

Right Shares:

The Board has further recommended the issuance of Nil% right shares at par, at a discount, or at a premium of Rs. Nil per share...