Allied Rental Modaraba announced that the Board of Directors has approved dividend at the rate of PKR 1.5 per certificate (2020: PKR 0.75 per certificate) for the year ended June 30, 2021, resulting in a total distribution of profit amounting to PKR 330 million (2020: PKR 165 million), in its meeting held on September 7, 2021 which is more than 90% of the net profit for the year ended June 30, 2021, after appropriation to the statutory (mandatory) reserve as required under the Modaraba Regulations, 2021. These financial statements do not reflect this proposed distribution which will be incorporated in the financial statements for the year ending June 30, 2022.