Nabil Bank Limited to Hold 41st AGM on January 12 to Approve 12.50% Cash Dividend

Nabil Bank Limited has convened its 41st Annual General Meeting (AGM) to approve the dividend declared from its profit of the previous fiscal year. The AGM will be held on Monday, January 12 (Poush 28), at Tribhuvan Army Officers’ Club, Bhrikutimandap, Kathmandu, starting at 11:15 AM. The meeting will approve a cash dividend of 12.50 percent (including tax) based on the bank’s paid-up capital. In addition, the AGM will discuss proposals related to amendments to the Memorandum and Articles of Association, authorization to the Board of Directors for potential merger or acquisition with suitable banks and financial institutions, election of one director representing promoter shareholders, appointment of the auditor, and other relevant matters. For the purpose of the AGM and dividend distribution, the bank will close its books on December 31 (Poush 16). Accordingly, shareholders who hold shares until December 29 (Poush 14) will be eligible to attend the AGM and receive the proposed dividend.