The AGM is scheduled to endorse a proposal of 6.50 percent cash and 5.50 percent stock dividend to its shareholders. The meeting will also endorse a proposal of amending its issued and authorized capital in its article of association and policies as per the changed paid-up capital due to bonus distribution.
Similarly, the AGM will delegate authority to BOD to identify potential merger or acquisition partners and to carry out all necessary procedures to the same and others.
For the AGM, the bank is closing its book on July 2-16, thus, the shareholders registered in its book till July 1 will be eligible to attend the AGM and obtain the announced dividend.
