Himalayan Life Insurance Announces 8% Cash Dividend

Himalayan Life Insurance has announced an 8% cash dividend for its shareholders from the profit of the last fiscal year.

The decision was made during the company’s Board of Directors meeting held on May 27 (Jestha 14). The dividend will be distributed based on the company’s current paid-up capital.

With a current paid-up capital of NPR 9.14 billion, the insurance company plans to distribute a total of NPR 731.45 million as cash dividends to its shareholders.

The proposed dividend will be distributed after receiving approval from the Nepal Insurance Authority and endorsement by the upcoming Annual General Meeting (AGM).

This move is expected to provide financial returns to the shareholders and reflects the company’s performance in the previous fiscal year.