Lumbini General Insurance

Lumbini General Insurance Proposes 7.35% Dividends for the Fiscal Year 2077/78

Kathmandu: Lumbini General Insurance Company Limited (LGIL) has announced the dividend to be distributed to the shareholders from the profit of the last financial year.

Insurance has announced that it will distribute bonus shares at the rate of 7% of the current paid-up capital of Rs. 1,310,27,84,550 and cash dividends at the rate of 0.35% for tax purposes.

The meeting of the board of directors of the insurance company held on 13th of January has decided to distribute the dividend at that rate.

The dividend will be distributed after it is approved by the Nepal Insurance Authority “Beema Samiti” and passed by the upcoming annual general meeting.