Sanima GIC Insurance Limited (SGIC) has recently announced its decision to refrain from distributing dividends for the Fiscal Year 2079/80. The resolution was reached during the 134th Board Meeting of SGIC, held on Magh 10, 2080. The decision not to distribute dividends stems from a careful consideration of various factors and aligns with the company’s strategic approach to financial management. It’s crucial to highlight that this decision is subject to the approval of the financial statements by the regulatory authority, Nepal Insurance Authority. The move underscores SGIC’s commitment to responsible financial practices, ensuring that shareholder interests are in sync with the prevailing economic conditions and regulatory requirements. Investors and stakeholders will be keenly watching for further insights during the regulatory approval process to gain a comprehensive understanding of SGIC’s financial standing and its future direction.
Highlights:
- Last Trading Day for Himalayan Everest Insurance Dividend – Act Now!
- Last Day for HRL and Asian Life Insurance Dividend Grab
- United Ajod Insurance Limited’s 30th AGM: Dividend Approval, Financial Reports, and New Board Elections Unveiled
- United Ajod Insurance (UAIL) Proposes 10.8013% Dividend for Fiscal Year 2079/80
- Unilever Nepal Limited Offers 1580% Cash Dividend in Celebration of 30th Anniversary