Nepal Reinsurance Company Limited (NRIC) has declared a dividend to be distributed to the shareholders from the last financial year’s profit.
The company has announced to distribute 5 percent bonus share of the paid up capital and 0.2632 percent cash dividend for tax purposes from the distributable profits.
This dividend will be distributed after the approval of the Government of Nepal and the Insurance Committee and the approval of the next annual general meeting.
A meeting of the board of directors held on Asar 5 decided to distribute dividend at that rate. At present the paid up capital of the company is Rs 11 Arba 65 Crore .