Business desk :
The Board of Directors of the Investment Corporation of Bangladesh (ICB) recommended 5 p;ercent cash dividend at its 585th meeting held on October 28.
The meeting also approved the Financial Statements of the Corporation for the FY 2019-2020. The ICB earned 56.49 crore net profit after tax for the year ended June 30, 2020.
The Board has recommended cash dividend 5 percent and stock dividend 5 percent for the year ended June 30, 2020.
The record date has been fixed on November 22, 2020 on Sunday and the 44th Annual General Meeting of the Corporation will be held on December 19, 2020 on Saturday at 10:30 am through virtual/digital platform.
Board observed that ICB along with its three Subsidiary Companies performed well despite huge challenges in share market.
Board appreciated the prudent management and professional commitment of all employees of the Corporation and expressed gratitude to the shareholders & investors for their trust and confidence on ICB.
Board also thanked the Ministry of Finance, Bangladesh Bank, Bangladesh Securities and Exchange Commission, Dhaka Stock Exchange Ltd, Chittagong Stock Exchange Ltd, Central Depository Bangladesh Ltd and other stakeholders for their unflinching support and Co-operation towards the management of ICB.
