Prabhu Insurance Calls Out AGM

Jan 19, 2020 10:15 AM Merolagani

Prabhu Insurance (PRIN) has called out its AGM on February 7 in Prabhu Complex, Tinkune, Kathmandu at 11:00 AM.

The AGM will endorse a proposal of distributing 5 percent stock and 11.32 percent cash dividend to its shareholders. Moreover, the meeting will delegate authority to BOD to amend the article of association and policies, appoint an auditor and approve financial reports of last FY.

In this regard, the company will close its book on January 24, thus, the shareholders registered in its book till January 23 will be eligible to attend the AGM and obtain the announced dividend.

Presently, the company has a paid-up capital of Rs 1 billion, which will reach Rs 1.05 billion after the bonus share distribution.

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Finance Standing of Non-life insurance in Q2

Feb 19, 2020 03:08 PM

Out of 20 general insurance companies operating in Nepal, 15 are listed companies. Those listed companies earned a net insurance premium of Rs 5.60 billion and net profit of Rs 1.58 billion by the second quarter of the last FY.