Resolution of the 32nd Ordinary General Assembly of Shareholders – Distribution of 2024/25 Net Profit
Wegagen BankScanned Amharic minutes (Minute No. 32) of Wegagen Bank's 32nd ordinary general assembly of shareholders, held on Meskerem 27, 2018 E.C. (7 October 2025) at the Hilton Hotel, Addis Ababa, filed with the Documents Authentication and Registration Service and the National Bank of Ethiopia. Under agenda item 5.6 the board's proposal on the allocation and distribution of the 2024/25 net profit records that, after the legal reserve and other deductions, Birr 1,948,123,862.92 remains to be distributed to shareholders under articles 432, 433 and 436 of the Commercial Code and article 35 of the bank's memorandum of association; shareholders may apply their dividend in whole or in part to the purchase of shares or take it in cash, and cash payment was to begin on Tikimt 17, 2018 E.C. (27 October 2025). The same minutes record 2024/25 profit before tax of Birr 3.85 billion and profit after tax of Birr 2.78 billion. The assembly date is used as the publication date. Caveats: the Amharic text layer of this PDF is corrupt and the figures above were read from the page images; pages 21–24 of the 26-page file carry no image data on the publisher's own copy, so the assembly's recorded vote on this agenda item is not legible in the file — the amount above is the board's proposal as put to the meeting. The document was published as an accompanying document to the bank's 2026 prospectus.
- Institution
- Wegagen Bank
- Type
- dividend-notice
- Fiscal year
- 2017EC
- Published
- Language
- አማርኛ
- Pages
- 26
- File size
- 13.2 MB
- Source checked