Eastland Insurance approves 10pc cash dividend

In its 36th annual general meeting (AGM) on Sunday, Eastland Insurance Company Ltd announced the approval of a 10 per cent cash dividend for the year 2022 as recommended by the board of directors.
The virtual meeting, presided over by Chairman Mahbubur Rahman, saw the attendance of directors and a significant number of shareholders, according to a press release.
The chairman presented the Directors' Report and Audited Financial Statements for the year ended December 31, 2022, along with the Independent Auditor's Report, which were approved by the shareholders.
Besides, the appointment of both the statutory auditor and corporate governance compliance auditor for the year 2023 was also endorsed.
The chairman underscored Eastland Insurance's commitment to transparency and ethics, mentioning the company's recognition through awards such as the National Award for Best Presented Annual Report and the ICMAB Best Corporate Award.
The chairman also acknowledged the challenges faced by the insurance sector and expressed gratitude to stakeholders for their continued support.