Kathmandu, Mangsir 26. IGI Prudential Insurance Limited (IGI) has proposed a 5% cash dividend for the fiscal year 2081/82, with a total payout value of Rs. 15.14 Crores.

The decision was made during the company's 39th meeting of the Board of Directors held recently in Mangsir. The dividend is proposed on the company's existing paid-up capital of Rs. 3.02 Arba.

It is important to note that this dividend proposal is subject to approval from the sector regulator, the Nepal Insurance Authority, and must subsequently be endorsed by the shareholders at the company's forthcoming Annual General Meeting (AGM).

In today's trading on the Nepal Stock Exchange (NEPSE), IGI's shares closed at Rs. 417.00.

The announcement reflects the company's commitment to providing a direct return to its shareholders, pending the necessary regulatory and corporate approvals.