Dhaka, Bangladesh (BBN) - The shareholders of Prime Insurance Company Limited approved 10 percent stock dividend on the occasion of 16th Annual General Meeting of the company, held in the city recently.
Mr Ferdous Amin, Chairman, Prime Insurance, presided over the meeting. A large number of Shareholders attended the meeting and unanimously approved the Accounts for the year ended December 31, 2011, Directors' Report and the Auditor's Report.
They also approved the election of directors, appointment of the Auditors for the year 2012 and fixation of their remuneration.
The shareholders made an overview of the existing financial condition of the company and appreciated the business growth of about 53 percent in the year 2011.
The company earned net profit of BDT 60.82 million in the said year despite the hard situation in the insurance market.
BBN/SSR/AD-21Apr12-11:55 pm (BST)
