Zimbabwe: ZB Shareholders Demand Dividend

Major shareholders in banking group, ZB Financial Holdings Limited (ZBFHL), have demanded a dividend from the financial services firm arguing that a resolution sought by directors for the company to buy its own shares indicated that it had the resources.

The demands, made by the National Social Security Auth-ority (NSSA) and government at the institution's Annual General Meeting (AGM) held last week on Friday, followed debate on a special resolution under which ZBFHL directors sought shareholders' approval for a share buyback. NSSA has a 37,93 percent shareholding in ZBFHL while government has a 23,59 percent equity.

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