Dhaka, Bangladesh (BBN)- BOC Bangladesh Limited held its 36th annual general meeting (AGM) at the Officers Club on Baily Road in the capital, Dhaka on Tuesday.

A final dividend of 77 percent was approved by the shareholders at the meeting. Earlier, the company had paid 100 per cent cash interim dividend.

The annual accounts for the year ended on December 31, 2008 were approved by shareholders at the AGM. The company registered a turnover growth of nearly 25 per cent over the previous year.

It was considered commendable by the Chairman M Syeduzzaman referring to what had been a somewhat difficult year for the country going through an unusual political process, which ended with a national election.

The gloom surrounding the global financial meltdown was setting in towards end of the year.

The chairman appreciated the achievement particularly in view of the unprecedented hike in raw materials and petroleum product costs, and the accelerated inflationary pressures.

Reappointment of Waliur Rahman Bhuiyan, OBE as managing director for a further period up to December 31, 2011 was also approved at the meeting, the company said.

BBN/ANS/SSR/AD-13May09-1:47 am (BST)