Nepal Life Insurance to Skip Dividend from FY 2078/79

January 22, 2024 | Investopaper

Nepal Life Insurance Company Limited (NLIC) has informed about the dividend to the shareholders from the fiscal year 2078/79.

The Board Meeting of the insurance held on Magh 7, 2080 BS has decided to skip the dividend distribution from the accumulated profit of the fiscal year 2078/79.

The company will send the financial statements of the the fiscal year 2078/79 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, Nepal Life Insurance has a paid-up capital of Rs 8.2 Arba.

From the previous fiscal year 2077/78, NLIC had distributed a 15.7895 percent cash dividend to the shareholders.


Suggested Readings:

Dividend History Of Nepal Life Insurance Company Limited (NLIC)

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