Shangrila Development Bank Concludes 21st AGM, Approves 10.36% Dividend
Summary
Shangrila Development Bank held its 21st AGM in Kathmandu, approving a 10.36% total dividend and plans for mergers and acquisitions, while committing to expand services across Nepal.
Key Points
- Shangrila Development Bank Limited held its 21st Annual General Meeting in Kathmandu on 7th Poush, 2082.
- The AGM approved a total dividend of 10.3583%, including a 5.3583% cash dividend and 5% bonus shares.
- The bank's paid-up capital increased to NPR 3.734 billion following the dividend approval.
- Decisions on appointment of auditors, amendments to the memorandum, and merger and acquisition proposals were also approved.
