Asia Ins approves 10pc stock div, 1:1 rights
Monday, 28 June 2010
Asia Insurance Limited has approved 10 per cent stock dividend and 1:1 right shares for its shareholders for the year that ended on December 31, 2009, said a press release.
The approval was given at the first extra-ordinary general meeting (EGM) and 10th annual general meeting (AGM) of the company at the Bangabandhu International Conference Centre in the city recently.
Chairman of the board of directors of the company and former FBCCI president Yussuf Abdullah Harun presided over the EGM and the AGM.
The meeting re-elected three directors from group A shareholders namely Abul Bashar Chowdhury, Mohammad Jamal Ullah and Mahbubul Alam Talukdar.
The meeting also elected three directors from group B shareholders. They are Southeast Bank Limited, represented by Dr Zaidi Sattar, Bay Leasing and Investment Limited, represented by Tarik Sujat and Mohammad Ali Khokon, Chairman MAKSONS Group.
During the year, the company earned a gross premium of Tk 282.13 mllion, which was 36 per cent higher than the previous year. Profit before tax was Tk 47.85 million. The total assets of the company stood at Tk 626.16 million at the end of the year.
A large number of shareholders of the company attended the meeting.
The approval was given at the first extra-ordinary general meeting (EGM) and 10th annual general meeting (AGM) of the company at the Bangabandhu International Conference Centre in the city recently.
Chairman of the board of directors of the company and former FBCCI president Yussuf Abdullah Harun presided over the EGM and the AGM.
The meeting re-elected three directors from group A shareholders namely Abul Bashar Chowdhury, Mohammad Jamal Ullah and Mahbubul Alam Talukdar.
The meeting also elected three directors from group B shareholders. They are Southeast Bank Limited, represented by Dr Zaidi Sattar, Bay Leasing and Investment Limited, represented by Tarik Sujat and Mohammad Ali Khokon, Chairman MAKSONS Group.
During the year, the company earned a gross premium of Tk 282.13 mllion, which was 36 per cent higher than the previous year. Profit before tax was Tk 47.85 million. The total assets of the company stood at Tk 626.16 million at the end of the year.
A large number of shareholders of the company attended the meeting.