Life Insurance Corporation Nepal (LICN) to Skip Dividend from FY 2079/80

April 30, 2024 | Investopaper

Life Insurance Corporation Nepal (LICN) has informed about the dividend to the shareholders from the fiscal year 2079/80.

The Board Meeting of the insurance held on Baisakh 17, 2081 BS has decided to skip the dividend distribution from the accumulated profit of the fiscal year 2079/80.

The company will send the financial statements of the the fiscal year 2079/80 to Nepal Insurance Authority for the approval. After the approval, the company will organize its Annual General Meeting (AGM).

As of Ashad’s end 2080 BS, LIC Nepal has a paid-up capital of Rs 2.65 Arba.

From the previous fiscal year 2078/79, LIC Nepal didn’t provide any dividend to the shareholders.

Suggested Readings:

Dividend History Of Life Insurance Corporation Nepal (LICN)


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