BK Group Plc is expected to hold its shareholders meeting, on May 22, 2024, to among other things, decide on dividend payout from profit generated in 2023.

ALSO READ: BK Group’s net profit grew 25% in 2023

The group registered a 25 per cent annual increase in net profit, reaching Rwf74.8 billion in 2023, stemming from the growth recorded both in non-interest and interest income.

According to the financial results, it declared Rwf23.6 billion in dividends payable.

The Annual General Meeting to be held at the Kigali Conference and Exhibition Village will see shareholders take Rwf24.18 per ordinary share, payable on July 1.

ALSO READ: BK Group CEO bullish on 2024 business outlook

The group will additionally offer a dividend reinvestment plan to shareholders at 5 per cent discounted market price, three days before the general meeting, according to the statement.

As part of the agenda, participants will also discuss the reappointment of Ernst and Young (EY) as BK Group external auditors for 2024, as well as the remuneration of the group’s directors.

In a recent interview with the CEO of BK Group, Beata Habyarimana said that although much of the growth is attributable to the bank performance, there has been some good growth in the other subsidiaries of insurance, investment advisory, and technology businesses.