Yussuf Abdullah Harun, MP, and Mahbubul Alam, president of the Chattogram Chamber of Commerce and Industry (CCCI), have recently been re-elected chairman and vice-chairman of the board of directors of Asia Insurance Limited respectively.
This was disclosed at the 143rd board of directors meeting of the company through digital platform on Sunday, said a press release.
Yussuf Abdullah Harun, MP, had a brilliant academic career. He obtained B.com. (Hons.) Degree from University of Dhaka in the year 1967 and qualified as a Chartered Accountant from the Institute of Chartered Accountants in England & Wales. He had been elected as member of parliament from Cumilla -3 (Muradnagar) in the 10th & 11th parliament election.
Mr Harun started his business career as an entrepreneur just after completion of his education and became a prominent industrialist of the country. He was chairman of Southeast Bank Limited, twice President of FBCCI and Director of Infrastructure Development Company Limited (IDCOL). Mr Harun was also vice-president of SAARC Chamber of Commerce and Industry and Confederation of Asia Pacific Chamber of Commerce and Industry (CACCI). He is a member of the Board of Governors of North South University. He is also a member of the board of directors of Policy Research Institute of Bangladesh (PRI).
On the other hand, Mahbubul Alam, president of the Chattogram Chamber of Commerce and Industry (CCCI) and former vice-president of FBCCI, started his business after completion of his education and established himself as a leading entrepreneur. His business affiliation includes life and non-life Insurance, Steel Industry, Trading of various commodities. Mahbubul Alam is the chairman of Diamond Life Insurance Company Limited. He is the founding general secretary of the Chittagong University Alumni association and he has been elected president of the Chittagong Chamber of Commerce and Industry for the fourth consecutive term.
Meanwhile, Asia Insurance Limited has approved 10 per cent cash dividend for the year ended December 31, 2019 in its 20th annual general meeting (AGM) of the company virtually by using digital platform on Sunday.
The meeting was presided over by the company's sponsor director and chairman Yussuf Abdullah Harun and a large number of shareholders participate virtually in the meeting.
Asia Insurance Managing Director and CEO Md Imam Shaheen also spoke in the meeting.
During the year, the company earned a gross premium of Tk 631,903,211- profit before tax was Tk 105,235,339. Company's total assets at the end of the year stood at Tk 1769,206,702.
A good number of shareholders participated in the discussions through using digital platform and expressed their full satisfaction with the performance of the company.
The meeting re-elected three directors from group A sponsor shareholders namely Yussuf Abdullah Harun FCA, Khaleda Begum and Farzana Afroze.
The meeting also elected three directors from group B public shareholders. They are Bay-Leasing and Investment Limited, represented by Tarik Sujat, Southeast Bank Limited, represented by M Kamal Hossain and Mohammad Ali Khokon, Chairman, MAKSONS Group.
© 2024 - All Rights with The Financial Express
