The meeting will endorse a proposal of distributing 27 percent stock and 3 percent cash dividend to its shareholders.
Moreover, the meeting will delegate authority to BOD to forward merger procedure with suitable partners. The meeting will also add a provision on digital banking and delegate authority to BOD to amend the article and memorandum of association as per the requirement of regulatory bodies.
In this regard, the company will close its book on December 22 thus the shareholders registered in its book till December 21 will be eligible to attend the AGM and obtain the announced dividend.
