The AGM will endorse a proposal of distributing 11.75 percent cash dividend to its shareholders. The bank will distribute 1.22 billion as cash dividend to the shareholders.
Moreover, the meeting will amend its article of association and memorandum of association. The meeting will also delegate authority to BOD to make required amendments as per regulatory bodies, to forward merger/acquisition process with suitable partners, appoint DDA evaluator, decide swap ratio and signed MoU of merger/acquisition.
In this regard, the bank is closing its book on November 1, thus, the shareholders registered in its book till October 31 will be eligible to attend the AGM and obtain the announced dividend.
