10.5263% Dividend Proposed by Nepal Insurance Company for FY 2079–2080

Nepal Insurance Company Limited (NICL) has proposed a 10.5263% dividend for the fiscal year 2079/80.

The 8th meeting of the board of directors held on Mangsir 9 has decided to distribute 10% bonus shares and 0.5263% cash dividend (including the amount for tax purposes) from the paid-up capital. The paid-up capital of the company is Rs. 1.49 Arba. Thus, the bonus shares are worth Rs. 14.94 crores, and the cash dividend is worth Rs 78.67 lakhs for tax purposes.

Note that this dividend will be distributed only after approval from the Nepal Insurance Authority and endorsement by the company's upcoming AGM.