The meeting will endorse a proposal of distributing 5 percent stock and 15 percent cash dividend to its shareholders. Moreover, the meeting will delegate authority to BOD to forward merger/acquisition process with suitable partners and appoint an auditor for the current FY.
In this regard, the company is closing its book on January 8, thus, the shareholders registered in its book till January 7 will be eligible to attend the AGM and obtain the announced dividend.
Presently, the bank has a paid-up capital of Rs 2.58 billion that will reach Rs 2.7 billion after the bonus share distribution.
