The AGM is supposed to endorse a proposal of distributing 10.5 percent stock and 8.5 percent cash dividend to its shareholders.
Moreover, the meeting will delegate authority to BOD to identify a potential partner for merger or acquisition, sign MoU, appoint evaluator for DDA and to forward any procedure required by regulatory bodies regarding the merger, acquisition, and others.
The bank is closing its book from December 30 for the AGM purpose, thus, the shareholders registered in its book till December 29 will be eligible to attend the AGM and obtain the announced dividend.
Presently, the company has a paid-up capital of Rs 12.86 billion that will reach Rs 14.22 billion after the bonus share distribution.