Nepal Reinsurance Company convenes 4th AGM; general public can soon expect massive IPO shares from only Reinsurance Company of Nepal

Nepal Reinsurance Company has convened its 4^th AGM on Jestha 31, 2076. The AGM has endorsed the financial highlights of the previous fiscal year.

As per the endorsed highlights, the only reinsurance company had made a net profit of Rs 1 arba with Rs 4.23 arba as insurance premium earnings.

The reinsurance company also reported the total investment of Rs 9.19 arba, shareholder fund of Rs 10.51 arba, total asset of Rs 13.03 arba, and EPS of Rs 20.11 during the reported period.

The Reinsurance company has informed that it is under the process to issue IPO shares to general public in a near future thereby having the general public hold 16% stake in Rs 10 arba worth company. Likewise, the company has also been able to receive affiliation to operate its business in more than 30 different countries in Asia, Middle East and Africa, as per the media statement.