Himalayan Re announces 1st AGM, Agenda of IPO issue will be passed

Kathmandu: Himalayan Reinsurance Company Limited( Himalayan Re) , the homegrown second reinsurer, has announced annual general meeting on October 29,2021.

A proposal to issue ordinary shares is also being presented at the general meeting to be convened at Hotel Aloft, Kathmandu. The AGM will also discuss on the agenda of balance sheet and financial report of FY 2077/78(2020-21).

The AGM will pass proposals to make necessary amendments in the MoA and AoA and to delegate all the necessary authority to the BODs for the same.

The company has already started the process of credit rating. AM Best Singapore has already been paid for the credit rating of Himalayan Re.

Source : https://english.insurancekhabar.com/2021/10/115312/