Home News Arif Habib Corporation Announces Stock Split to Enhance Liquidity
Arif Habib Corporation Announces Stock Split to Enhance Liquidity
Arif Habib Corporation Limited (PSX: AHCL) has announced a stock split thereby reducing the face value of its shares from Rs. 10 to Re. 1 to improve market liquidity and investor accessibility.
The company’s subscribed and paid-up capital, currently consisting of 421.7 million shares of Rs. 10 each, will be restructured into 4.2 billion shares of Re. 1 each, without affecting the total paid-up capital.
Shareholders will receive 10 shares of Re. 1 for every one share of Rs. 10 they hold as of a yet-to-be-announced effective date, subject to regulatory approvals in accordance with Section 85(1)(c) of the Companies Act, 2017.
To finalize the move, AHCL’s Board has scheduled an Extra-Ordinary General Meeting (EOGM) on March 19, 2025, where shareholders will consider and approve the proposal. The announcement was made in the company’s financial results for the first half of FY25.
