Kathmandu. Paying dividends continuously for the last three years

The third annual general meeting of the National Fund Management Company (NFMC) has been concluded.

The meeting was held last Thursday.

The AGM has approved a proposal of providing 4 percent bonus shares and 0.2105 percent cash dividend to the shareholders from the profit of the fiscal year 2081/082.

The fund has already paid 5 percent dividend including tax in the fiscal year 2080/081 and 4.21 percent in the fiscal year 2079/080.

Since its inception, the company has been successful in distributing dividends to private equity and venture capital firms, promoted by seven large organizations (public and banks) and approved by the Securities Board of Nepal (SEBON). National Fund Management Limited has been operating private equity funds namely “National Equity Fund 1” and “National Hydro Fund-2”.

As the fund manager, the company has a total assets management of Rs 4.54 billion.