PHDL Announces Significant Share Dividend For FY25 After Regent Plaza Sale

PHDL Announces

The Board of Directors of Pakistan Hotels Developers Limited (PSX: PHDL)  select  in their meeting on July 8, 2024, to propose an Interim Cash Dividend for the fiscal year ending June 30, 2025, amounting to Rs. 725 per share, equivalent to 7250 percent.

The dividend mentioned above will be paid from the proceeds of the sale to the buyer of Regent Plaza Hotel. It will be distributed to shareholders whose names are on the company’s register of members as of July 15, 2024.

PHDL announced last week that physical control of the company’s property, namely Regent Plaza Hotel, has been transferred to SIUT Trust, the purchaser.

Physical possession of the property was transferred to SIUT Trust following a payment of 90% of the property’s sale value on July 1, 2024.