NLG Insurance Announces Dividend Distribution

NLG Insurance Company Limited has announced a dividend distribution of 2.631579% from its accumulated profit for the last fiscal year. In a board meeting held on Friday, the company decided to distribute a total of 2.63% dividend based on the paid-up capital of NPR 2.5 billion, which includes 2.5% bonus shares worth NPR 62.56 million and 0.131579% cash dividend worth NPR 3.29 million for tax purposes. The declared dividend will be distributed to shareholders once it is approved by the Nepal Insurance Authority and ratified at the company's upcoming Annual General Meeting.