Nepal SBI Bank to Distribute 5% Cash Dividend and 4% Bonus Shares

Nepal SBI Bank has called its Annual General Meeting (AGM) for Poush 18. In a notice issued on Thursday, the bank announced that the meeting will be held at the Army Officers Club in Kathmandu. Key proposals related to the current fiscal year will be presented during the assembly.

The AGM is set to approve the Board of Directors’ proposal to distribute dividends to shareholders. The bank has proposed 5 percent cash dividend (including tax) and 4 percent bonus shares based on the paid-up capital.

Once the AGM endorses the proposals, the bank will begin the process of distributing both the cash and bonus dividends to its shareholders.