The AGM will endorse a proposal of distributing 10 percent cash dividend to the shareholders. Moreover, the meeting is supposed to delegate authority to BOD to identity suitable merger or acquisition partner.
Furthermore, the BOD can use the delegated authority to forward insurance business, venture capital/private equity/hedge fund, credit rating, stockbroker, merchant bank, financial technology and other through the bank or establishing a subsidiary company.
For the AGM, the bank is closing its book on December 21, thus, the shareholders registered in its book till December 20 will be eligible to attend the AGM and obtain the announced dividend.
