Siddhartha Premier Insurance announces 30 pc cash dividend worth over Rs 841.96m

KATHMANDU: Siddhartha Premier Insurance Limited (SPIL) has put forward a proposal to distribute a 30% cash dividend for the fiscal year 2023/24, amounting to over Rs 841.96 million. This decision was made during the 33rd meeting of the company’s board of directors on Monday.

The proposed dividend, inclusive of taxes, is based on SPIL's current paid-up capital of over Rs 2.80 billion.

However, the dividend is subject to approval by the Nepal Insurance Authority and will only be finalised after being endorsed by SPIL's upcoming annual general meeting (AGM).

As of the latest trading data, SPIL shares were priced at Rs 848.