Nabil bank Limited Approves 15.80% Dividend at 42nd AGM
Summary
Nabil Bank Limited has approved a 15.80% dividend for ordinary shareholders for FY 2082/83, including 5% bonus shares and 10.80% cash dividend. The AGM in Kathmandu also approved an 8% dividend for irredeemable non-cumulative preference shares and elected three promoter-shareholder directors.
Key Points
- Nabil Bank Limited’s 42nd Annual General Meeting approved a total dividend of 15.80% for ordinary shareholders for FY 2082/83.
- The dividend includes 5% bonus shares and 10.80% cash dividend, while preference shareholders will receive an 8% dividend.
- Following the bonus issue, the bank’s paid-up capital will exceed Rs. 33.40 billion.
- The AGM elected Nirvana Kumar Chaudhary, Malay Mukherjee and Syed Mansur Mustafa as directors representing promoter shareholders.
