Miteri Development Bank (MDB) Approves a 14% Dividend and Appoints New Board Members


Miteri Development Bank Limited (MDB) has scheduled its 16th Annual General Meeting (AGM) on the 28th of Poush, 2078. The conference would begin at 11 a.m. that at Sunsari Udyog Banijya Sangh in Dharan.

The AGM will a 14 percent dividend for fiscal year 2077/78, among other items on the agenda. The board of directors decided to distribute the dividend on the paid-up capital of Rs. 79,73,76,937.50 at their 212th on Mangsir 22. 13.3 percent bonus shares worth little than Rs 10.6 crores and 0.7 percent cash dividend (for tax) of Rs 55.81 lakhs have been recommended from the paid-up capital.

In addition, three board members will be elected by the public shareholders at the AGM.

The book will be closed on the 14th of Poush. As a result, shareholders who held shares prior to that date are to the dividend payment and are welcome to attend the AGM.

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