Reliance Insurance approves 10pc stock, 15pc cash dividend

The 31st Annual General Meeting of Reliance Insurance Limited was held on Sunday at the Hotel Lake Shore, Gulshan-2, Dhaka. Mr. Shamsur Rahman, Chairman of the Board of Directors, presided over the meeting.

The meeting was attended by a large number of shareholders, who took keen interest in the proceedings. The shareholders expressed their deep appreciation for the prudent and judicious steps taken by the management in running the affairs of the Company. They also put forward a number of suggestions, which were duly noted by the management.

The Shareholders in the Annual General Meeting approved 10% stock & 15% cash dividend for the year 2018. During the year 2018 Company achieved a gross premium income of Tk. 2,689.26 million as against Tk. 2,572.67 million in the previous year and earned pre-tax profit Tk. 694.43 million.

Two new directors from the public shareholders Ms. Srimati Shaha and Mr. Atiqur Rahman were elected in the said AGM.

The Annual General Meeting was subsequently followed by a meeting of the Board of Directors in which the members of the Board including the newly elected directors took part and discussed elaborately the future direction of action of the Company in the coming months. Later in the meeting Ms. Shahnaz Rahman and Mr. Habibullah Khan were unanimously elected as Chairman and Vice-Chairman respectively.

The Board of Directors of the Company is now comprised of the following members-Ms. Shahnaz Rahman (Chairman), Mr. Habibullah Khan (Vice-Chairman), Mr. Shamsur Rahman, Mr. M. Shamsul Alam, Ms. Zakia Rouf Chowdhury, Mr. Rajiv Prasad Shaha, Mr. Arshad Waliur Rahman, Mr. Imran Faiz Rahman, Mr. Iftekharul Huq, Mr. Amanullah Chowdhury, Mr. Atiqur Rahman, Ms. Amiran Hossain, Ms. Srimati Shaha, Ms. Shahzreh Huq, Mr. Ahmed Shafi Choudhury and Mr. Md. Khaled Mamun, Chief Executive Officer.