Dhaka, Bangladesh (BBN)- Phoenix Finance and Investments Limited (PFIL) approved 25 percent cash dividend for its shareholders for the year 2008.

The approval came at the 14th annual general meeting (AGM) of the company at the Bangladesh-China Friendship Conference Centre in Dhaka on Thursday, the non-banking financial institution said.

Chaired by PFIL Chairman Deen Mohammad, the meeting was attended, among others, by Vice-chairman Mohammad Shoeb, Managing Director SM Intekhab Alam, Deputy Managing Director M Shah Alam and Company Secretary Mohammad Sayduzzaman along with directors and shareholders of the company.

BBN/SS/SI/AD-05June09-11:56 am (BST)