The meeting will endorse a proposal of distributing 10 percent stock and 3.6 percent cash dividend to its shareholders. Moreover, the meeting will delegate authority to BOD to forward merger/acquisition process.
In thi regard, the bank will close its book on November 2 , thus, the shareholders registered in its book till November 1 will be eligible to attend the AGM and obtain the announced dividend.
As per the government order of minimizing mass gathering, the meeting will provide entrance access to limited number of shareholders only others can join the meeting through virtual medium.
At present, the bank has a paid-up capital of Rs 8.80 billion that will reach Rs 9.68 billion after the bonus share distribution.
