Business Desk :
Eastland Insurance Company Limited (EICL), approved 10 percent Cash Dividend for the year 2021 as recommended by the Board of Directors. The decision was taken at its 35th Annual General Meeting (AGM) held on Wednesday through virtually. The meeting was presided over by Mahbubur Rahman, Chairman of the company, said a press release.
The Chairman presented the “Directors’ Report”, “Audited Financial Statements” of the Company for the year ended December 31, 2021 together with “Independent Auditor’s Report” thereon at the meeting. He also informed the shareholders, that the world economy has become squeezed due to the deadly effect of Covid-19. Amid this pandemic situation Eastland Insurance earned gross premium of Tk. 1011 million in 2021 and settled claims amounting to Tk. 3,438.55 million during the long 35 years tenure. The Chairman also stated that, the total Assets of the Company stood at Tk. 2650.00 million as on December 31, 2021. The Shareholders approved 10% Cash Dividend for the year 2021 as recommended by the Board of Directors.
A good number of Directors of the Board, Executive Vice Chairman Ghulam Rahman and Chief Executive Officer Abdul Haque, were also joined.
