Citizen Life Insurance Cancels Dividend Proposal

May 07, 2024 10:16 AM Merolagani

Citizen Life Insurance (CLI) has cancelled dividend proposal of the last FY.

The board of directors meeting of the company held on May 6 decided to cancel the proposal following the direction of Nepal Insurance Authority (NIA).

Previously, the company proposed of distributing 26.98 percent stock and 1.42 percent cash dividend to its shareholders.

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