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Banks (Finance)

MCB Bank Limited Declares Second Interim Cash Dividend for 2025

Strategic Insights

— 1 min read

MCB Bank Limited has made a significant announcement by declaring a Second Interim Cash Dividend for the year 2025. The board of directors approved a dividend of PKR 9.00 per share during a meeting on August 6, 2025. This development affects eligible shareholders whose names appear on the Register of Members at the close of business hours on August 19, 2025, and will receive the dividend through a distribution facilitated by the bank. The process of dividend distribution requires shareholders to adhere to regulatory requirements, including submitting valid identification documents and active email addresses.

Key Takeaways:

  • The Second Interim Cash Dividend for 2025 is set at PKR 9.00 per share, approved by the Board of Directors on August 6, 2025.
  • Eligible shareholders must have their names on the Register of Members by August 19, 2025, to receive the dividend.
  • Shareholders are required to submit valid copies of their CNIC, NICOP, Passport (for individuals), NTN certificate (for corporate entities), and International Bank Account Number (IBAN).
  • Unclaimed dividends and share certificates remain an issue for some shareholders who are encouraged to contact the Share Registrar and Transfer Agent to rectify these matters.
  • Joint shareholders must communicate their shareholding percentages to ensure accurate withholding tax calculations, as the bank will assume equal distribution among joint shareholders in the absence of this information.
  • Tax exemption claims under Section 159/150 of the Income Tax Ordinance, 2001, require either an approval certificate from the Federal Board of Revenue (FBR) or a valid exemption certificate, to be submitted by August 26, 2025.

Statistics:

  • Dividend amount: PKR 9.00 per share
  • Deadline for Register of Members: August 19, 2025
  • Share Transfer Books closure date: August 20, 2025
  • Share Transfer Books re-open date: August 23, 2025
  • Deadline for tax exemption claims submission: August 26, 2025

Sources:

  • Official statement released by MCB Bank Limited
  • Pakistan Stock Exchange (PSX) information
  • Securities and Exchange Commission of Pakistan (SECP) regulatory requirements
  • Federal Board of Revenue (FBR) tax exemption guidelines
  • Income Tax Ordinance, 2001
  • MCB Bank Limited's regulatory commitments to shareholder entitlements and compliance with SECP guidelines.

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