Dhaka, Bangladesh (BBN) – The 28h annual general meeting (AGM) of the Ibn Sina Pharmaceutical Industry Limited was held on Saturday on its Shafipur factory premises in Gazipur.
Director of the company Commodore (rtd) MA Rahman presided over the meeting. Managing Director Prof Abu Naser Md Abduz Zaher including other directors and company secretary Md Shahid Farooqui were also present at the meeting, a company press statement said.
The audited accounts, director’s report and auditor’s reports were presented for the year ended 31st December, 2011 in the meeting.
The AGM approved 25 percent stock dividend and 10 per cent cash dividend after evaluating the financial report of the company for the year 2011.
The managing director delivered his speech and also replied to the shareholders’ various questions.
Two persons from Group ‘A’ and one person from Group ‘B’ were re elected directors.
The sales achieved in 2011 was BDT 1755.26 million which was 9.3 5 percent higher than the previous year.
BBN/SSR/AD-24June12-11:20 am (BST)