News Briefs(20-3-2019)

NHF recommends 20pc dividend

The board of directors of National Housing Finance & Investment Ltd has recommended 10 per cent cash and 10 per cent stock dividend for the year ended on December 31, 2018. The final approval of dividend will come during the annual general meeting (AGM) scheduled to be held on May 02 at 11:00am in Dhaka, said an official disclosure on Tuesday. The record date for entitlement of dividends is on April 09. The non-bank financial institution has also reported earnings per share (EPS) of Tk 2.59, net asset value (NAV) per share of Tk 16.68 and net operating cash flow per share (NOCFPS) of Tk 26.10 for the year ended on December 31, 2018 as against Tk 2.40, Tk 15.98 and Tk 19.84 respectively for the same period of the previous year. The National Housing Finance, which was listed on the Dhaka bourse in 2009, disbursed 19 per cent cash dividend for the year ended on December 31, 2017.

— FE Report

bKash signs deal with Asrotex Group

Around 17 thousand RMG workers of Asrotex group will get their salary through bKash account from now. bKash Limited, the largest mobile financial service provider in the country recently signed an agreement with Asrotex Group,the leading RMG manufacturer of the country. Mizanur Rashid, Chief Commercial Officer (CCO) of bKash and Syed Ashraful Islam, FCMA, Chief Financial Officer (CFO) of Asrotex Group exchanged the deal on behalf of their organisations in a simple ceremony held at bKash head office. Mizanur Rashid, CCO of bKash limited said, over 1.5 lacks RMG workers of 120 factories are now getting their salary through bKash.

— Statement