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Padma Oil Co approves 130pc dividend

Our Correspondent | January 20, 2020 00:00:00

CHATTOGRAM, Jan 19: Padma Oil Company Limited (POCL), a leading fuel oil company of the country, has approved 130 per cent dividend for shareholders of the company for the 2018-19 financial year.

The approval came at the 50th Annual General Meeting (AGM) of the POCL at the Navy Convention Hall at Tiger-pass in the port city yesterday.

The AGM was chaired by Chairman of Bangladesh Petroleum Corporation (BPC) and board of directors of Padma Oil Company Limited M Shamsur Rahman.

The speakers at the AGM expressed satisfaction over the profit and activities of management of Padma Oil Company Limited. The AGM approved the audit and reports of last year. The AGM also approved 130 percent dividend for 2018-19 fiscal.

Among others directors of the Padma Oil Company Limited Mohammed Iqbal, Md Ekhlasur Rahman, Dr Md Sher Ali, K M Eneyetul Karim, Md Arifuzzaman Meah Tutul, Nasiruddin Akter Rashed and Managing Director Mohammed Masudur Rahman and company secretary Md Sohel Abdullah addressed the meeting. Several hundreds of shre holders and top officials of Padma Oil Company Limited were present at the AGM.


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