Sanima GIC Insurance Proposes 7.89% Dividend for Shareholders
Kathmandu – Sanima GIC Insurance has announced a dividend proposal for its shareholders from the profits of the last fiscal year. The decision was made during the board of directors meeting held on February 6.
The company has proposed a total dividend of 7.8947 percent of its current paid-up capital. This includes a 7.5 percent bonus share distribution and 0.3947 percent cash for tax purposes.
The proposed dividend will be distributed to shareholders only after receiving approval from the Nepal Insurance Authority and ratification at the company’s upcoming annual general meeting.