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ISLAMABAD - Oil and Gas Development Company Ltd (OGDCL) has declared an interim cash dividend of Rs 3.00 per share, which is 30 percent of the share value, for the quarter ending March 31, 2025. This follows an earlier interim dividend of Rs 7.05 per share, or 70.5 percent, paid previously.
The Board of Directors approved the dividend during a meeting on April 29, 2025, in Islamabad. Shareholders registered by May 12, 2025, will be eligible for the dividend, with the company’s Share Transfer Books closed from May 13 to May 15, 2025.
Additionally, OGDCL has enclosed the financial results and summaries of its accounts, along with performance highlights, in Annexes I to III. The quarterly report for the period ended March 31, 2025, will be distributed through PUCARS within the specified timeframe.
The announcement was made to the Pakistan Stock Exchange and the London Stock Exchange (LON:LSEG), in compliance with regulatory requirements, and is intended to keep shareholders informed of the company’s financial decisions and performance.
This dividend declaration reflects the company’s financial results for the third quarter, which are detailed in the enclosed annexes. The exact figures and performance metrics, however, have not been specified in the press release statement.
Investors and stakeholders in the Oil and Gas Development Company Ltd can anticipate the detailed quarterly report to be available soon, offering a more comprehensive view of the company’s financial health and operational performance during the quarter.
The information provided is based on a press release statement from OGDCL.
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