Nabil Bank Limited's 42nd Annual General Meeting (AGM) has approved a 15.80 percent dividend proposal for ordinary shareholders, including 5 percent bonus shares. The dividend will be distributed from the bank's profit for fiscal year 2082/83.
The meeting also approved an 8 percent dividend for holders of non-redeemable cumulative preference shares, according to a report on the AGM.
Nabil Bank AGM decisions
The AGM was held on Thursday at the Tribhuvan Army Officers Club in Bhadrakali, Kathmandu. It was chaired by Nabil Bank Chairman Nirvan Kumar Chaudhary.
- Ordinary shareholders: 15.80 percent dividend, including 5 percent bonus shares
- Non-redeemable cumulative preference shareholders: 8 percent dividend
- Board of directors: Members were elected at the meeting
