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News Briefs(17-04-2018)

April 18, 2018 00:00:00

Republic Ins recommends 12.5pc stock dividend

Republic Insurance Company Ltd has recommended 12.50 per cent stock dividend for the year ended on 31 December 2017. The AGM will be held on 27 May 2018 at Muktijuddhao Smrity Milonayaton Hall, IDEB Bhaban in the capital. The record date is on 10 May 2018. The company has also reported EPS of Tk 1.70, NAV per share of Tk 14.92 and NOCFPS of Tk 0.64 for the year ended on December 31, 2017 as against Tk 1.67 (restated), Tk 14.81 (restated) and Tk 0.25 respectively for the same period of the previous year. — DSE Online

Pubali Bank, BRAC Services sign MoU

A Memorandum of Understanding (MoU) between Pubali Bank Limited and BRAC Services Ltd was signed recently at the bank's head office in the city. Ashim Kumar Roy, DGM & head of cards of the bank and Nasim-ul Haque Chowdhury, head of sales of BRAC Services. signed the MoU on behalf of their respective organisations. Md. Abdul Halim Chowdhury, Managing Director & CEO; Safiul Alam Khan Chowdhury, Additional Managing Director and Mohammad Ali, Deputy Managing Director of Pubali Bank Ltd. and Khondoker Asaduzzaman, Group General Manager of BRAC Services Ltd. were present at the signing ceremony. Halima Khatoon, DGM of Card Division of Pubali Bank, was also present. Under the MoU, all debit and credit cardholders and employees of Pubali Bank will avail 20 per cent discount on room tariff and 15% discount on food along with other facilities. — Statement

Approval for issuance of prospectus

Bangladesh Securities and Exchange Commission (BSEC) has given consent for raising of capital through Initial Public Offering (IPO) and issuance of prospectus by SK Trims & Industries Ltd. — CSE Online

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