⚡ Flash Summary

First Habib Modaraba (FHAM) announced a final cash dividend of Rs. 2.25 per certificate, which is 22.5% for the year ended June 30, 2025. The dividend was approved by the Board of Directors on August 7, 2025, and electronically credited to the designated bank accounts of certificate holders on October 16, 2025. The disbursement applies to those certificate holders who have provided e-mandate with 24-digit complete IBAN numbers. The Modaraba has withheld dividends from certificate holders who have not provided their IBAN numbers and/or valid copies of their CNICs, in compliance with the Companies Act, 2017.

📌 Key Takeaways

• 💰 Final cash dividend declared: Rs. 2.25 per certificate.
• 📊 Dividend rate: 22.5% for the year ended June 30, 2025.
• 🗓️ Board approval date: August 7, 2025.
• 🏦 Electronic credit date: October 16, 2025.
• ✅ Eligibility: Certificate holders with e-mandate and complete IBAN.
• 🚫 Withholding: Dividends withheld for non-compliant certificate holders.
• 📜 Compliance: Adherence to Companies Act, 2017.
• 💳 CNIC Requirement: Valid CNIC copies needed for dividend processing.
• 🌐 Mandate Form: Available on Modaraba’s website.
• 🏢 Share Registrar: CDC Share Registrar Services Limited.
• 📍 CDC Location: CDC House, Karachi.
• 📞 CDC Toll Free: 0800-CDCPL (23275).
• ℹ️ CCDR: Centralized Cash Dividend Register developed by CDC.
• 🧾 CCDR Purpose: Maintains dividend payment history.
• 📢 Publication: Notices to be published in Business Recorder and Nawa-e-Waqt.

🎯 Investment Thesis

Based solely on this dividend announcement, a HOLD recommendation is appropriate. The dividend payout is positive, but a comprehensive analysis requires further financial information to assess the Modaraba’s overall financial health and future prospects. A more thorough review of the financial statements is necessary to determine a price target and time horizon. The yield of 22.5% may be attractive, but will need to be compared to alternate investments.