Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: Shareholders of Neco Insurance have approved a total dividend of 15.78 percent, following endorsement by the company’s 30th Annual General Meeting held on Monday.
The approved distribution includes a 3 percent bonus share and 12.78 percent cash dividend (including tax), securing returns for investors amid steady performance in Nepal’s insurance sector.
The meeting also appointed RSMA Associates Chartered Accountants as the external auditor for the current fiscal year, authorising the firm to review the company’s financial statements and compliance framework.
With the dividend decision now formalised, the insurer moves into the new fiscal cycle with renewed focus on capital strengthening, regulatory compliance, and expansion of its insurance portfolio in Nepal’s increasingly competitive market.
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