Citizen Life’s AGM Scheduled for Today, 20 Percent Dividend to Be Approved
2nd January 2026, Kathmandu
Citizen Life Insurance Company Limited is all set to conduct its ninth Annual General Meeting today on Poush 18. The assembly is scheduled to take place at the Amrapali Banquet in Bhatbhateni Kathmandu with proceedings beginning at 9:30 AM.
Citizen Life’s AGM Today
This meeting is highly anticipated by the investor community as it marks a significant milestone in the company’s post IPO journey. The gathering will serve as a platform for the management to share the successes of the past fiscal year and outline the strategic roadmap for the future. Shareholders will have the opportunity to engage directly with the board of directors and voice their opinions on the company’s performance and upcoming financial distributions.
CORE AGENDA APPROVAL OF 20 PERCENT CASH DIVIDEND
The most significant item on the agenda for the ninth AGM is the formal approval of a 20 percent cash dividend. This proposal was initially tabled by the Board of Directors following a strong financial performance in the previous fiscal year. The dividend is calculated based on the company’s current paid up capital which stands at a substantial 5 billion rupees. It is important for investors to note that the 20 percent figure is inclusive of the applicable dividend tax. Upon approval the company will distribute a total of 1 billion rupees to its eligible shareholders marking one of the more generous cash payouts in the life insurance sector this year.
REVIEW OF FINANCIAL PERFORMANCE AND AUDITOR REPORTS
Beyond the dividend distribution the AGM will delve deep into the financial health of Citizen Life Insurance. The shareholders will discuss and approve the annual report presented by the board along with the auditor report for the previous fiscal year. These documents include the balance sheet profit and loss account and the cash flow statement which provide a comprehensive view of the company’s assets and liabilities. The endorsement of these financial statements is a mandatory regulatory requirement that ensures transparency and accountability to the public and the Nepal Insurance Authority. The meeting will also finalize the appointment of an external auditor for the current fiscal year and decide on their remuneration.
GOVERNANCE AND CORPORATE SOCIAL RESPONSIBILITY
The ninth AGM will also address several internal governance matters including the approval of facilities and benefits for the members of the Board of Directors. Furthermore the meeting will ratify the donations and expenditures made under the company’s Corporate Social Responsibility initiatives. Citizen Life has been active in various community support programs ranging from education to health and these expenses must be formally approved by the shareholders. By seeking ratification for these activities the company maintains its commitment to ethical business practices and demonstrates how it balances profit making with its social obligations toward the people of Nepal.
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BOOK CLOSURE AND ELIGIBILITY FOR DIVIDENDS
For the purpose of participation in the AGM and the distribution of the 20 percent dividend the company had previously announced a one day book closure on Poush 8. This means that the share register was frozen on that date to determine the official list of owners. Consequently only those shareholders who were registered with the Nepal Stock Exchange and had the shares in their Demat accounts by the end of the trading day on Poush 7 are eligible to receive the dividend and attend the meeting at Amrapali Banquet. Investors who purchased shares after this deadline will not be entitled to the current year’s payout but will hold the voting rights for future assemblies.
STRATEGIC POSITIONING IN THE LIFE INSURANCE MARKET
Citizen Life Insurance has rapidly climbed the ranks to become one of the most prominent players in the Nepalese life insurance industry. With a paid up capital of 5 billion rupees the company is well capitalized to handle large scale risks and expand its reach into the rural and underserved areas of the country. The decision to provide a high cash dividend rather than bonus shares suggests that the company is confident in its current capital base and is focused on rewarding its investors with immediate liquidity. This strategy is often favored by retail investors who rely on dividend income for their financial planning.
TECHNOLOGY AND CUSTOMER CENTRIC SERVICES
In the years leading up to this ninth AGM Citizen Life has heavily invested in digital transformation and customer centric service delivery. The company was among the first to introduce innovative digital products that allow customers to purchase policies and pay premiums through mobile apps and online portals. This focus on technology has not only improved operational efficiency but has also contributed to a higher retention rate of policyholders. Shareholders at the meeting are expected to receive updates on how these technological investments are translating into long term profitability and a more robust customer base.
CONCLUSION AND FINAL REMINDER FOR SHAREHOLDERS
In conclusion the ninth Annual General Meeting of Citizen Life Insurance Company Limited on Poush 18 is a vital event for all registered stakeholders. With a 20 percent cash dividend on the table and a clear financial report to be approved the meeting at Amrapali Banquet will set the tone for the company’s performance in the coming year. Shareholders are encouraged to arrive on time at 9:30 AM with their necessary identification documents to participate in the voting process. As the company moves forward the focus will remain on maintaining its strong market position while delivering value to its investors.
For More: Citizen Life’s AGM Tomorrow
