Pragati Insurance approves 35pc stock dividend
FE Report | Sunday, 15 June 2008
Pragati Insurance Ltd approved 35 per cent stock dividend for the year 2007 in its 22nd annual general meeting (AGM) held at Jamuna Resort Ltd in Tangail recently.
The meeting was presided over by Pragati Insurance Chairman Khalilur Rahman. Members of the board of directors and a large number of shareholders attended the meeting. Managing Director AKM Rafiqul Islam replied to the various questions raised by the shareholders.
The AGM was informed that the company earned gross premium of Tk 802.76 million during the year 2007, which was 15 per cent higher than the previous year. Profit before tax was Tk 176.84 million against Tk 121.97 million of the previous year. Net claim settled during the year was Tk 58.42 million against Tk 63.04 million in 2006. Company's total asset at the end of the year stood at Tk 2449.50 million.
The meeting re-elected 4 directors from 'A' group shareholders - A Monem, Abdul Awal Minto, Mohammed A Awwal, Md Syedur Rahman Mintoo - and two directors from the public shareholders - Zakaria Taher and Razia Sultana Shimul.
The meeting was presided over by Pragati Insurance Chairman Khalilur Rahman. Members of the board of directors and a large number of shareholders attended the meeting. Managing Director AKM Rafiqul Islam replied to the various questions raised by the shareholders.
The AGM was informed that the company earned gross premium of Tk 802.76 million during the year 2007, which was 15 per cent higher than the previous year. Profit before tax was Tk 176.84 million against Tk 121.97 million of the previous year. Net claim settled during the year was Tk 58.42 million against Tk 63.04 million in 2006. Company's total asset at the end of the year stood at Tk 2449.50 million.
The meeting re-elected 4 directors from 'A' group shareholders - A Monem, Abdul Awal Minto, Mohammed A Awwal, Md Syedur Rahman Mintoo - and two directors from the public shareholders - Zakaria Taher and Razia Sultana Shimul.