Nepal Investment Bank to distribute 25% cash dividend through direct bank transfer

Nepal Investment Bank Limited (NIB) is going to distribute 25% cash dividend to its shareholders through direct bank transfer. Those shareholders who have already updated their bank accounts in their depository participants will receive their dividends in respective bank accounts. For those shareholders who are yet to dematerialize their shares or update their bank accounts, Nepal Investment Bank Limited has requested to open demat accounts and update their bank accounts by visiting their Depository Participants. NIB is going to convene its 31st Annual General Meeting (AGM) on Kartik 7, 2074 where it will endorse various agendas including issuance of 15% bonus share and 25% cash dividend. The book closure for the AGM is set for Ashwin 18, 2074. Only those shareholders having shares traded till Ashwin 17, 2074 are eligible for the dividends and for participation in the AGM. Likewise, those shareholders who have updated their bank accounts by Ashwin 17, 2074 will receive cash dividends in the first lot when they are distributed.