15pc cash, 10pc stock dividends approved

FE Team | Published: May 26, 2014 00:00:00 | Updated: November 30, 2026 06:01:00

Chairman of Eastland Insurance Company Limited Mahbubur Rahman addressing the 27th AGM at a city hotel Sunday. Managing director Arun Kumar Saha and company secretary M Abidur Rahman also seen

Eastland Insurance Company Limited has approved 15 per cent cash and 10 per cent stock dividends (bonus share) for the year that ended on December 31, 2013.
The approval came at the 27th annual general meeting (AGM) of the company at a city hotel Sunday, according to a statement.
The company chairman Mahbubur Rahman presided over the AGM.
The chairman presented the report of the directors, auditors' and audited accounts of the year 2013.
Mahbubur Rahman informed that the company earned a gross premium of Tk 700.38 million in 2013 through its 24 branches which was 7.73 per cent higher than that of the previous year.
"The company during the last 27 years settled claims for a total amount of Tk 1497.49 million on account of fire, marine, motor and misc. insurance. Total assets of the company as on December 2013 stood at Tk 1717.82 million", he said.
Mr Rahman said despite stiff market competition, the insurance company raised its performance in all areas of operation in 2013 due to maintaining of pragmatic and business friendly policy strictly adhering to regulatory principles and business ethics.
Directors and shareholders of the company were present in the meeting.