18th September 2025, Kathmandu
Citizens Capital Limited successfully conducted its 19th Annual General Meeting (AGM), where shareholders approved a 16% cash dividend from the profits of the fiscal year 2081/82.
Citizens Capital Concludes AGM
Citizens Capital Limited successfully conducted its 19th Annual General Meeting (AGM), where shareholders approved a 16% cash dividend from the profits of the fiscal year 2024/25. The meeting, held at the company’s registered office in Dillibazar, Kathmandu, also ratified key financial reports and appointed auditors for the upcoming fiscal year. This highlights the company’s commitment to transparent governance and rewarding its investors.
Key Decisions and Financial Performance
The AGM was a pivotal event for Citizens Capital, a subsidiary of Citizens Bank. Shareholders reviewed and approved a series of crucial documents that provide a comprehensive overview of the company’s financial health. These included the Board of Directors’ annual report, the auditor’s report, and the financial statements as of Asar 2082. The approval of a 16% cash dividend is a significant move that directly benefits investors and reinforces confidence in the company’s profitability and financial management. By distributing a portion of its profits directly to shareholders, Citizens Capital demonstrates its ability to generate consistent returns while adhering to prudent financial practices. The meeting also ensured continuity in independent financial oversight by appointing auditors for the fiscal year 2025/26 and setting their remuneration. This adherence to strong corporate governance principles is vital for maintaining trust with investors and regulatory bodies like the Nepal Securities Board.
Role in Nepal’s Capital Market
Citizens Capital has established itself as a key player in Nepal’s capital market, with a wide range of services that have been granted permission by the Nepal Securities Board. These include mutual fund management, securities underwriting, portfolio management, institutional advisory services, and demat account operations. This diverse portfolio allows the company to cater to both individual and institutional investors, facilitating their participation in the market. The company’s credibility is further enhanced by its association with Citizens Bank and the co-investment support it receives from four collective funds and prominent industrialists. The collaboration with its parent company, Citizens Bank, allows Citizens Capital to leverage a nationwide network of branches, which is a major advantage. This enables the company to offer specialized services like portfolio management to investors outside of Kathmandu, addressing a significant logistical challenge in Nepal’s investment environment. By providing expert guidance and professional management through the bank’s trusted infrastructure, Citizens Capital effectively bridges the geographical gap and promotes greater financial inclusion across the country.
Leadership and Future Outlook
The AGM was led by Chairman Rajendra Lal Shrestha and CEO Sabir Bade Shrestha, whose leadership has been instrumental in the company’s growth and strategic direction. Under their guidance, Citizens Capital has strengthened its service offerings and expanded investor access. The company’s focus on delivering innovative services and maintaining strong financial health positions it well for future growth. The successful completion of the 19th AGM underscores the company’s dual commitment: to provide consistent returns to its shareholders through dividends and financial transparency, and to expand investor participation in capital markets through innovative services and expert guidance. This operational model exemplifies how a financial institution can successfully balance the interests of its shareholders with the broader goal of developing a more robust and accessible capital market in Nepal. The company’s dedication to investor protection, transparent governance, and sustained growth makes it a trusted intermediary in the national financial sector, contributing to the stability and overall development of Nepal’s investment landscape.
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