⚡ Flash Summary

Bank AL Habib Limited (BAHL) has announced its 3rd interim cash dividend for the year ending December 31, 2025, at a rate of 35% or Rs. 3.50 per share. The book closure for determining entitlement is set from November 3, 2025, to November 5, 2025. Shareholders are urged to update their bank account details to receive dividends electronically and ensure their active taxpayer status to avoid higher tax deductions. They are also requested to claim any unclaimed shares/dividends and convert physical shares to book-entry form.

📌 Key Takeaways

• 💰 BAHL declares a 3rd interim cash dividend @ 35%, equivalent to Rs. 3.50 per share.
• 🗓️ Book closure is scheduled from November 3, 2025, to November 5, 2025.
• 🏦 Dividend will be paid electronically to shareholders’ designated bank accounts.
• 📝 Shareholders must update bank details by October 31, 2025, to ensure smooth dividend receipt.
• 📄 An E-Dividend Bank Mandate Form is available on BAHL’s website for updating bank details.
• 💳 Valid CNIC copies are required alongside the E-Dividend form.
• ⚠️ Failure to provide correct IBAN or CNIC may result in dividend withholding.
• 🧾 Tax deduction will be 15% for active taxpayers and 30% for non-active taxpayers.
• ✅ Shareholders should ensure their names are on the Active Taxpayers List (ATL) to avail of the lower tax rate.
• 🤝 Joint account holders must provide shareholding proportions by October 31, 2025.
• 🏢 Corporate entities must provide a valid tax exemption certificate by October 31, 2025, for tax exemption.
• 🌐 CDC has developed a Centralized Cash Dividend Register (CCDR) on its eServices Web Portal.
• 🔗 Shareholders can register on CDC’s eServices Portal to view dividend details.
• ⏳ Shareholders are urged to claim any unclaimed dividends or shares.
• 🔄 Physical shares should be converted to book-entry form as per regulations.

🎯 Investment Thesis

Based on the announcement of a 35% interim cash dividend, a BUY recommendation is warranted. The dividend yield will provide some downside protection during market volatility. The price target is Rs 60, with a time horizon of 6 months, based on an assumed dividend yield of 5.8% and a stable economic outlook.