Asia Insurance Limited approved 10 per cent cash dividend for the year ended December 31, 2014 in its 15th Annual General Meeting (AGM) held recently at Spectra Convention Centre at Gulshan in the city. The meeting was presided over by the Company\'s Spon
Asia Insurance Limited approved 10 per cent cash dividend for the year ended December 31, 2014 in its 15th Annual General Meeting (AGM) held recently at Spectra Convention Centre at Gulshan in the city.
The meeting was presided over by the Company's Sponsor Director Alamgir Kabir FCA. A large number of shareholders attended the meeting. The Company's Chief Executive Officer Md. Imam Shaheen spoke in this meeting.
During the year, the company earned a gross premium of Tk. 402.1 million (40.21 crore). Profit before tax was Tk. 62 million (6.20 crore). Company's total assets at the end of the year stood at Tk. 1.55 billion (155.83 crore). A good number of shareholders participated in the discussions and expressed their full satisfaction with the performance of the company.
The meeting re-elected three directors from Group-A sponsor shareholders namely Mohammad Mustafa Haider, Alamgir Kabir FCA and Mohammed Jahangir Alam. The meeting also elected three directors from Group-B Public shareholders. They are Southeast Bank Limited., represented by Dr. Zaidi Sattar, Bay Leasing & Investment Limited, represented by Mr. Tarik Sujat and Mr. Mohammad Ali Khokon, Chairman, Maksons Group.
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