Reliance Ins approves 10pc stock, 15pc cash dividend

The 30th annual general meeting (AGM) of Reliance Insurance Limited was held at a city hotel recently, according to a statement.
Rajiv Prasad Shaha, Chairman of the board of directors, presided over the meeting.
The shareholders in the AGM approved 10 per cent stock and 15 per cent cash dividend for the year 2017. During the year 2017 the company achieved a gross premium income of Tk. 2,572.67 million as against Tk. 2,486.89 million in the previous year and earned pre-tax profit Tk. 630.47.
Two new directors from the public shareholders Ms. Shahzreh Huq and Ms. Amiran Hossain were elected in the AGM.
The AGM was subsequently followed by a meeting of the board of directors in which the members of the board including the newly elected directors took part and discussed elaborately the future direction of action of the Company in the coming months. Later in the meeting Mr. Shamsur Rahman and Ms. Shahnaz Rahman were unanimously elected as Chairman and Vice-Chairman respectively.
The board of directors of the company is now comprised of the following members. Shamsur Rahman (Chairman), Shahnaz Rahman (Vice-Chairman), Zakia Rouf Chowdhury, Habibullah Khan, Rajiv Prasad Shaha, Professor Mohammad Abdullah, Iftekharul Huq, Arshad Waliur Rahman, Imran Faiz Rahman, Amanullah Chowdhury, Atiqur Rahman, Amiran Hossain, Faiza Rahman, Shahzreh Huq, Anis-uz-Zaman Khan, Dr. Toufiq Ali and Md. Khaled Mamun, Chief Executive Officer.