Eastland Insurance approves 10pc cash dividends

Eastland Insurance on Monday held its 38th annual general meeting (AGM) through a virtual platform and approved 10 per cent cash dividends only for its public shareholders, according to a press statement.

Mahbubur Rahman, chairman of the company, presided over the meeting, while directors of the board also joined.

Chief Executive Officer Mohammed Salim provided key information to shareholders.

The chairman presented the directors' report and audited financial statements of the company for the year ended in December last year, along with the independent auditor's report in the meeting.

Shareholders approved 10 per cent cash dividends for the year 2024 for public shareholders only.

Shareholders also approved the appointment of both statutory auditor and corporate governance compliance auditors for 2025.

During a speech, the chairman expressed profound gratitude to the Ministry of Finance, Insurance Development & Regulatory Authority, Bangladesh Securities & Exchange Commission, DSE, CSE, SBC, NBR, BIA, banks and other agencies, valued clients, and the shareholders for their continued support to Eastland.