KATHMANDU

Himalayan Reinsurance has announced a profit share for its shareholders. The company has announced that it will give a 4.21 percent profit share to its shareholders from the profits of the last fiscal year.

The executive committee of the company, which met on March 25, has decided to distribute the profit share to the shareholders from the profit of the 2079–80 fiscal year. The company has also announced that it will give a 4 percent bonus share and a 0.21 percent cash dividend for tax purposes from the current paid-up capital.

After the announcement of the profit share is approved by the Insurance Regulatory Authority of Nepal, it will be distributed to the shareholders after the company’s upcoming annual general meeting.