The bank closed its book from November 12 for the AGM, thus, the shareholders registered in its book till November 11 are eligible to attend the AGM and obtain the announced dividend.
The AGM is endorsing a proposal of distributing 16 percent stock dividend and 0.8421 percent cash dividend for tax purposes to its shareholders.
Moreover, the meeting will delegate authority to BOD to forward the merger/acquisition process with suitable partners and amend its article of association to maintain its promoter and ordinary shareholders ratio to 51:49.
Presently, the bank has paid-up capital of Rs 8.89 billion that will reach Rs 10.31 billion after the bonus share distribution.