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    Nepal Stock ExchangeRight | Bonus | DividendThe Nepal Investment Bank (NIB) has called an annual general meeting to...

    The Nepal Investment Bank (NIB) has called an annual general meeting to elect its board of directors and approve a dividend.

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    The Nepal Investment Bank Limited (NIB) has scheduled its 35th Annual Meeting (AGM) for the 17th of Mangsir, 2078. The meeting will take place in the companyR7;s central headquarters in Durbarmarg, Kathmandu, and will begin at 10 a.m. on the scheduled day of the meeting.

    The AGM will also approve the dividend for the fiscal year 2077/78, among other items on the agenda. the 554th meeting of the board of directors, which was held on Ashoj 7, had previously decided to distribute 11.24 percent bonus shares and 4.76 percent cash dividend (including tax) on the bank’s paid-up capital of 6.25 Arba, the bank later revised its proposal to distribute 12.611 percent bonus shares worth over Rs. 2.05 Arba and 3.389 percent cash dividend worth over Rs. 55.09 crores instead of 11.24 percent bonus shares and 4.76 percent cash dividend.

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    Furthermore, four board members will be elected from among the promoters at the AGM.

    Nepal Investment is in the process of merging with Himalayan Bank Limited, and its trading on the Nepal Stock Exchange has been discontinued. As a result, shareholders who have held onto their shares until the last trading day are automatically entitled for the dividend and are welcome to attend the AGM.


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