IDCOL holds AGM

The 26th Annual General Meeting (AGM) of Infrastructure Development Company Limited (IDCOL) was held on a virtual platform recently, says a press release.

Sharifa Khan, Chairman of IDCOL and Secretary at the Economic Relations Division, presided over the meeting.

During the FY 2022, the company's profit before tax and provision stood at Tk 6.98 billion (Tk 698.79 crore).

The AGM declared dividends worth Tk 1.20 billion (Tk 120 crore). Of the amount, Tk 700 million (Tk 70 crore) will be paid to the government as cash dividend, and the remaining Tk 500 million (Tk 50 crore) will be used to raise the company's paid-up capital to Tk 8.38 billion (Tk 838 crore) from the existing Tk 7.88 billion (Tk 788 crore) by way of issuing bonus shares.

IDCOL has left a profound socio-economic imprint by spearheading sustainable financing initiatives and catalysing transformative change in various sectors.

By facilitating the adoption of renewable energy technologies and promoting energy efficiency, IDCOL has not just reduced greenhouse gas emissions but has also created employment opportunities, enhanced energy access, and uplifted living standards across Bangladesh.

M Tofazzel Hossain Miah, Principal Secretary to the Prime Minister, Prime Minister's Office, Abu Hena Md. Rahmatul Muneem, Chairman of National Board of Revenue (NBR), Fatima Yasmin, director of IDCOL, Mohammad Salahuddin, director of IDCOL, Md Habibur Rahman, director of IDCOL, Tapan Kanti Ghosh, Senior Secretary, Ministry of Commerce, Md Shahriar Kader Siddiky, Additional Secretary, Economic Relations Division, Nihad Kabir, Director of IDCOL, Abdul Haque, Director of IDCOL, AKM Nurul Fazal Bulbul, Director of IDCOL, and Alamgir Morshed, Executive Director and CEO of IDCOL, attended the AGM. All of them are shareholders of IDCOL.