The AGM will endorse a proposal of distributing 10 percent stock and 11.0526 percent cash dividend to its shareholders.
The bank has a paid-up capital of Rs 8.83 billion that will reach Rs 9.71 billion after the bonus share distribution.
The bank will delegate authority to BOD to forward merger/acquisition process, signed MOU and finalize the merger/acquisition process.
Moreover, the bank will increase its authorized, issued and paid-up capital in its article of association and memorandum of association.
Regarding the AGM, the bank is closing its book on September 15, thus, the shareholders registered in its book till September 14 will be eligible to attend the AGM and obtain the announced dividend.
