Dhaka, Bangladesh (BBN)– Crystal Insurance Company Ltd will float shares worth BDT 90 million for general public, the company said.

“The 47th meeting of the board of directors of the company held recently took the decision to go public subject to the approval of the Securities and Exchange Commission (SEC),” a company statement added.

Abdullah AI-Mahmud(Mahin), Chairman of the company presided over the meeting.

Directors A.H.M. Mozammel Hoque, Tajul Islam, Shahzadi Begum, Abdullah Hasan, Abdullah Al-Mamun, Farhana Nasrin and M.A. Latif Miah, Managing Director of the company attended the meeting.

Among other agenda, the Board of Directors approved the Audited Accounts of the Company for the year ended December 31, 2010 and recommended for its adoption in the 11th Annual General Meeting (AGM).

BBN/SSR/SI-19Mar11-2:45 pm (BST)