The meeting will endorse a proposal of distributing 10.50 percent stock and 0.55 percent cash dividend to its shareholders. Moreover, the meeting will delegate authority to BOD to forward merger/acquisition with suitable partners and to transfer its head office.
In this regard, the bank will close its book on March 12, thus, the shareholders registered in its book till March 11 will be eligible to attend the AGM and obtain the announced dividend.
Currently, the company has a paid-up capital of Rs 186.4 million that will reach Rs 206 million after the bonus share distribution.
