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)
