Sanima Bank Limited has obtained approval from the Securities Board of Nepal (SEBON) to issue non-convertible, non-cumulative preference shares worth NPR 2 billion. Following this approval, the bank will issue a total of 2 crore preference shares with a face value of NPR 100 per share.
The issued preference shares will carry a dividend rate of 8.25%, which will be paid only in years when the bank earns a profit. The issuance and sale of these preference shares will be managed by Muktinath Capital Limited.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
