The AGM will endorse a proposal of distributing 16 percent bonus shares and 15 percent cash dividend to its shareholders. Moreover, the AGM is scheduled to conduct an election of Board of Directors (BOD), to revise the name of the company and amend the memorandum of association (MOA) and articles of association (AOA) accordingly.
The bank is closing its book from December 29 to January 11, thus, the shareholders registered in its book by December 28 will be eligible to attend the AGM and obtain the announced dividend.
Presently, the bank has a paid-up capital of Rs 606.1 million which will reach Rs 703.1 million after the bonus share distribution.
