Asia Insurance approves 15% stock, 15% cash dividends

Last updated: July 1, 2012
Dhaka, Bangladesh (BBN) - The 12th annual general meeting (AGM) of Asia Insurance Limited was held at Bashundhara Convention Center 02, Baridhara in the city recently.
The meeting was presided over by the company's Chairman Yussuf Abdullah Harun, ex president of FBCCI. Members of the board of directors and a large number of shareholders attended the meeting. 
The AGM approved 15 per cent stock and 15 per cent cash dividends for the year ended December 31, 2011, the company said in a press statement.
During the year the company earned a gross premium of BDT 30,01,50,209.00. Profit before tax was BDT 6,14,17,240.00. Company's total assets at the end of the year stood at BDT 135,79,91,220.00. 
The meeting re elected three directors from Group A shareholders namely Mohammad Mustafa Haider, Alamgir Kabir and Mohd Jahangir Alam. The meeting also elected three directors from Group B shareholders. They are Southeast Bank Limited, represented by Dr Zaidi Sattar, Bay Leasing & Investment Limited, represented by Mr Tarik Sujat and Mohammad Ali Khokon, Chairman of Maksons Group.
 
BBN/SSR/AD-01July12-10:11 am (BST) 
Bangladesh Business News
BBN is the country's oldest Business News and Analysis platform, run by veteran business journalist and analyst that you can rely upon.
© Copyright 2024 - BBN - All Rights Reserved
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram