The AGM is supposed to endorse a proposal of distributing 16.15 percent stock and 0.85 percent cash dividend to its shareholders. Moreover, the meeting will delegate authority to BOD to forward merger/acquisition, appoint auditor and increase authorized capital to Rs 5 billion.
In this regard, the bank is closing its book on November 29, thus, the shareholders registered in its book till November 28 will be eligible to attend the AGM and obtain the announced dividend.
After the bonus share distribution, the paid-up capital of the bank will reach Rs 3.23 billion.
