ARUSHA: CRDB Bank will hold its 29th Annual General Meeting in Arusha tomorrow where shareholders are expected to discuss proposed 50/- as dividend per share for 2023.
The dividend which has increased by 11 per cent from the previous 45/- for 2022 is attributed to the lender’s impressive audited financial statements for the year ended December last year.
CRDB’s Chairman Dr Ally Laay said the proposal of the increase in dividends per share is due to bank’s positive results in the market.
In the last fiscal year, the lender registered a 21 per cent increase profit after tax of 423bn/- compared to 351bn/- recorded in a similar period of the preceding year.
The 29th meeting which will be held on Saturday in Arusha is held in accordance with the company’s law that allows the lender to discuss various issues including adopting or approve various decisions of interest to the Bank.
He said shareholders will attend the meeting digitally ‘hybrid meeting’ to give opportunities to more shareholders to participate.
