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United Insurance approves 28.21pc stock dividend

Monday, 2 June 2008


United Insurance Company Limited (UICL) has approved a 28.21 per cent stock dividend for its shareholders for the year 2007.

The approval was given at the 23rd annual general meeting (AGM) of the company at Bangladesh-China Friendship Conference Centre in the city recently, said a press release.

Chairman of the board of directors of the company M Moyeedul Islam presided over the meeting.

UICL directors, Managing Director Syed Shahriyar Ahsan were present, among others, in the AGM.

A large number of shareholders of the company attended the AGM and expressed satisfaction at overall performance of the company.

The company had earned a gross premium of Tk 180.05 million and its pre-tax net profit of Tk 32.03 million during the year 2007.