International Development AGM today; set to approve 10% cash and stock dividend each

ShareSansar March 31:

International Development Bank is holding its 5th Annual General Meeting today (18th Chaitra). The AGM will be held at the Baithak Invest Venue, Tripureshwor, Kathmandu at 11 AM.

The AGM will, among other things, endorse 10% Cash Dividend and 10% stock dividend to its shareholders from the net profit it earned in last fiscal year.

The others agendas at the meeting will be the financial highlights of 2070/71, the appointment of auditor, increment of capital and merger.

International Development Bank Limited has posted a net profit of Rs.26.85 million in its 2nd quarter of the fiscal year 2071/72.