The meeting is supposed to endorse a proposal of distributing 17 percent stock and 0.8947 percent cash dividend for tax purpose to its shareholders.
Moreover, the AGM will endorse a proposal of amending its article of association and regulations and delegate authority to BOD to forward merger or acquisition process and carry out required amendments as per regulatory bodies.
For the AGM, the bank is closing its book on February 27, thus, the shareholders registered in its book till February 26 will be eligible to attend the AGM and obtain the announced dividend.
Presently, the company has a paid-up capital of Rs 500 million that will reach Rs 585 million after the bonus share distribution.