Previously, the bank had called out the AGM on October 22, however, the AGM was postponed due to increasing cases of COVID-19.
The meeting will endorse a proposal of distributing 7.03 percent bonus and 3.73 percent cash dividend to its shareholders. Moreover, the bank will also distribute Rs 285 million cash dividend for tax purposes.
The meeting will endorse a proposal of delegating authority to BOD to forward the merger/acquisition process with a suitable partner.
In this regard, the bank has already closed its book on October 8, thus, the shareholders registered in its book till October 7 are eligible to attend the AGM and obtain the announced dividend.
The bank will provide a meeting ID and passcode to those shareholders who want to be present in the AGM through video conference.
