KARACHI: Askari Bank Limited (PSX: AKBL) has announced a 20% interim cash dividend (Rs. 2.0 per share) for the half year ended June 30, 2026, reaffirming its commitment to delivering consistent returns to shareholders. The announcement was made following the Board of Directors’ meeting held on July 31, 2026.
The newly declared dividend is in addition to the first interim cash dividend of Rs. 2.0 per share (20%) that has already been paid, bringing the total interim cash payout for the year to Rs. 4.0 per share (40%). The Board did not recommend any bonus shares, right shares, or other corporate actions.
Alongside the financial results, Askari Bank disclosed a key strategic development. The Board approved an increase in the authorized capital of its wholly owned subsidiary, Askari Currency Exchange (Pvt.) Limited, from Rs. 1.2 billion to Rs. 2.0 billion, while the paid-up capital will be increased from Rs. 1.0 billion to Rs. 1.5 billion. The move is expected to strengthen the subsidiary’s capital base and support its future expansion plans.
The bank also informed shareholders that the share transfer books will remain closed from August 13 to August 18, 2026 (both days inclusive). Transfers received by the close of business on August 12, 2026 will qualify for the announced dividend.
Askari Bank attached its standalone and consolidated financial statements for the six-month period ended June 30, 2026 along with the announcement, reflecting the institution’s continued focus on shareholder value and strategic business growth. The increase in subsidiary capital highlights the bank’s confidence in expanding its financial services footprint while maintaining a steady dividend policy.
