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MFL approves 35pc stock dividend

Tuesday, 9 November 2010


MIDAS Financing Ltd (MFL) at its 15th annual general meeting (AGM) recently approved the proposal of 35 per cent stock dividend and change in denomination of face value of per share from Tk 100 to Tk 10 each of the company.
The meeting, held at Trust Milonayatan in the city, also approved the audited financial statements and the enhancement of authorised share capital from Tk one billion to Tk two billion of MFL.
MFL Managing Director Shafique ul Azam, General Manager Md Atiar Rahman Ansary, Company Secretary Aslam Ahmed Khan, directors and shareholders of the company attended the AGM with MFL Chairman Rokia A Rahman in the chair.