Sagarmatha Lumbini Insurance Proposes 15% Cash Dividend for FY 2080/81

Sagarmatha Lumbini Insurance Company Limited (SALICO) has put forth a proposition for a 15% cash payout for the fiscal year 2080/81.

During the 33rd board of directors’ meeting convened on Chaitra 28, a resolution was reached to allocate a 15% cash dividend from the company’s paid-up capital. Currently, SALICO’s paid-up capital stands at Rs. 2.62 Arba.

This dividend awaits the endorsement from the Nepal Insurance Authority and the forthcoming Annual General Meeting (AGM).

At the time of writing, SALICO’s shares closed at Rs. 714.60