Nepal Reinsurance Company to skip dividend

Jul 24, 2020 12:20 PM Merolagani

The board of directors meeting of Nepal Reinsurance Company (NRIC) has decided to skip dividend distribution.

The company will not distribute any stock or cash dividend as per the Insurance Business (management and operation) related guideline 2071 section 12. The section states that the reinsurance company must keep its saving as a reserve for at least five years.

Therefore, the company will not distribute any dividend to its shareholders.

 

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