Islami Insurance holds its 8th AGM
FE Report | Wednesday, 30 July 2008
The 8th annual general meeting (AGM) of Islami Insurance Bangladesh Limited was held at its head office in the city recently.
Chairman of the company Mohammad Sayeed presided over the meeting. Directors, Managing Director Md Zainul Huda, Additional Managing Director Md Mujibur Rahman, vice chairman and company secretary were also present on the occasion.
The Chairman informed the meeting that during the year 2007 the company earned premium of Tk 212.70 million (21.27 crore), exceptional loss reserve of Tk 22 million (2.20 crore) and 24.55 per cent increase in total asset.
During the period the company secured a good position among the existing general insurance companies by earning a net profit of more than Tk 26.4 million (2.64 crore), he also said.
The shareholders expressed satisfaction over the performance of the company and also reiterated their confidence in the board of directors and approved the annual accounts and balance-sheet for the year that ended on December-31, 2007 assuring their support for the betterment of the company augmenting new business in the years to come. The company has also declared 5.0 per cent cash dividend for the year 2007.
Chairman of the company Mohammad Sayeed presided over the meeting. Directors, Managing Director Md Zainul Huda, Additional Managing Director Md Mujibur Rahman, vice chairman and company secretary were also present on the occasion.
The Chairman informed the meeting that during the year 2007 the company earned premium of Tk 212.70 million (21.27 crore), exceptional loss reserve of Tk 22 million (2.20 crore) and 24.55 per cent increase in total asset.
During the period the company secured a good position among the existing general insurance companies by earning a net profit of more than Tk 26.4 million (2.64 crore), he also said.
The shareholders expressed satisfaction over the performance of the company and also reiterated their confidence in the board of directors and approved the annual accounts and balance-sheet for the year that ended on December-31, 2007 assuring their support for the betterment of the company augmenting new business in the years to come. The company has also declared 5.0 per cent cash dividend for the year 2007.