Rupali Ins AGM approves 20pc stock dividend
FE Report | Friday, 18 July 2008
The 20th annual general meeting (AGM) of Rupali Insurance Company Limited for financial the year 2007 was held at Pan Pacific Sonargaon in the city Wednesday.
Rupali Insurance Chairman Mostafa Golam Quddus presided over the meeting attended by a large number of shareholders.
The shareholders unanimously approved a stock dividend of 20 per cent per share of Tk 100.00 for the year 2007 as recommended by the board of directors earlier.
Shareholders, in their comments, highlighting the achievement of the year, congratulated the board of directors and the management for their good performance during the year.
They also made some suggestions for further improvement of the performance of the company in future.
All the persons present in the meeting mourned at the sad demise of sponsor director Mohammed Ali and prayed for salvation of his departed soul.
The AGM was told that the company earned a pre-tax profit of Tk 37 million. After allocating Tk 15 million for reserve fund and Tk 10 million for income tax the company declared 20 per cent stock dividend.
Directors of the company KM Farookh, Kazi Maniruzzaman, Jinnat Ali Mian, Mostafa Golam Imran, Quamrus Sobhan, Aftab Ahmed, Runa Haider and Fauzia Quamrun Tania along with Management and Financial Consultant M Azizul Huq, Managing Director PK Roy and other senior executives of the company were present at the meeting.
Rupali Insurance Chairman Mostafa Golam Quddus presided over the meeting attended by a large number of shareholders.
The shareholders unanimously approved a stock dividend of 20 per cent per share of Tk 100.00 for the year 2007 as recommended by the board of directors earlier.
Shareholders, in their comments, highlighting the achievement of the year, congratulated the board of directors and the management for their good performance during the year.
They also made some suggestions for further improvement of the performance of the company in future.
All the persons present in the meeting mourned at the sad demise of sponsor director Mohammed Ali and prayed for salvation of his departed soul.
The AGM was told that the company earned a pre-tax profit of Tk 37 million. After allocating Tk 15 million for reserve fund and Tk 10 million for income tax the company declared 20 per cent stock dividend.
Directors of the company KM Farookh, Kazi Maniruzzaman, Jinnat Ali Mian, Mostafa Golam Imran, Quamrus Sobhan, Aftab Ahmed, Runa Haider and Fauzia Quamrun Tania along with Management and Financial Consultant M Azizul Huq, Managing Director PK Roy and other senior executives of the company were present at the meeting.