Sangrila Development Bank Limited has approved a total dividend of 10.5263 percent for its shareholders at its 22nd Annual General Meeting (AGM), held on Thursday, Ashoj 22, at Alice Reception in Gairidhara, Kathmandu.
The approved proposal includes a 6.52 percent cash dividend worth Rs 243.697 million and a 4 percent stock dividend worth Rs 149.362 million. The dividend is based on the bank's paid-up capital of Rs 3.734 billion.
AGM approves dividend and elects directors
The meeting also elected six directors to the bank's board. No further details about the elected directors were provided in the available information.
