Phoenix Insurance approves 20pc stock dividend
FE Report | Saturday, 14 June 2008
Phoenix Insurance Company Limited (PICL) approved 20 per cent stock dividend for its shareholders for the year 2007.
This was approved at the 22nd annual general meeting (AGM) of the company at the Bangladesh-China Friendship Conference Centre in the city recently.
PICL Chairman Mohammad Shoeb presided over the meeting.
Also present at the meeting were directors Deen Mohammad, Abdur Rahman, Mobarak Ali, Md Habibur Rahman Mia, Mazharul Haque, Meherun Haque, Aziz-Al-Mahmood, Rafiqul Islam Khan, Badruddoza Mannan, Manzoorul Haque, Sadia Anjum Siddiqui, Farhad Bin Mannan and Wasif Ahmed, and Managing Director Pirjada Saifullah Chowdhury.
A large number of shareholders attended the meeting.
In the vacant post of directors from the sponsor-shareholders group Mobarak Ali, Rafiqul Islam Khan, Mrs Badruddoza Mannan and Evana Fahmida Mohammad were re-elected as director unopposed.
During the year 2007, the PICL earned a total premium of Tk 346.2 million (34.62 crore) and pre-tax profit of Tk 50.1 million.
Total asset of the company in the year 2007 was Tk 495.1 million.
The shareholders of the company expressed their satisfaction over the performance and steady growth of the company in the face of an extremely adverse situation and unhealthy competition.
In the two vacant positions of the directors from the public shareholders Farhad Bin Mannan and Sadaf Shamsad Haque were also elected directors unopposed.
This was approved at the 22nd annual general meeting (AGM) of the company at the Bangladesh-China Friendship Conference Centre in the city recently.
PICL Chairman Mohammad Shoeb presided over the meeting.
Also present at the meeting were directors Deen Mohammad, Abdur Rahman, Mobarak Ali, Md Habibur Rahman Mia, Mazharul Haque, Meherun Haque, Aziz-Al-Mahmood, Rafiqul Islam Khan, Badruddoza Mannan, Manzoorul Haque, Sadia Anjum Siddiqui, Farhad Bin Mannan and Wasif Ahmed, and Managing Director Pirjada Saifullah Chowdhury.
A large number of shareholders attended the meeting.
In the vacant post of directors from the sponsor-shareholders group Mobarak Ali, Rafiqul Islam Khan, Mrs Badruddoza Mannan and Evana Fahmida Mohammad were re-elected as director unopposed.
During the year 2007, the PICL earned a total premium of Tk 346.2 million (34.62 crore) and pre-tax profit of Tk 50.1 million.
Total asset of the company in the year 2007 was Tk 495.1 million.
The shareholders of the company expressed their satisfaction over the performance and steady growth of the company in the face of an extremely adverse situation and unhealthy competition.
In the two vacant positions of the directors from the public shareholders Farhad Bin Mannan and Sadaf Shamsad Haque were also elected directors unopposed.