Economic Reporter :
The 28th Annual General Meeting (AGM) of Rupali Insurance Company Limited of 2015 held recently in the city, according to a press release.
Mostafa Golam Quddus, Chairman of the Company presided over the meeting where a large number of shareholders were present.
Shareholders congratulated the Board of Directors as well as the management for their good performance during the year 2015 despite somewhat slow-down of business activities in the economy and unhealthy competition in the industry.
They also unanimously approved a stock dividend of 15 percent (10 percent cash & 5 percent stock) per share of Tk. 10.00 each to the shareholders of the company for the year 2015 as recommended by the Board of Directors.
The Chairman of the company applauded the management of the company for the performance during the year 2015. He also thanked the shareholders for their co-operation and counsels in running the company smoothly.
Some of the shareholders present in the AGM spoke highlighting the positive achievement in business in the year and thanked the board of directors and the management. They thanked the Management & Financial Consultant M. Azizul Huq with appreciation for exercising important role in the company and thanked the Chief Executive Officer P. K. ROY, FCA for elevating the company to it’s present height step by step.
They also suggested some ways and means for further improvement of the performance of the Company in future. It was reported that the Company earned Tk. 178.34 million as profit before tax. After transfer of Tk. 23.05 million to reserve fund and Tk. 65.00 million to income tax, the Board of Directors recommended 15 percent dividend (10 percent cash and 5 percent stock).
The 28th Annual General Meeting (AGM) of Rupali Insurance Company Limited of 2015 held recently in the city, according to a press release.
Mostafa Golam Quddus, Chairman of the Company presided over the meeting where a large number of shareholders were present.
Shareholders congratulated the Board of Directors as well as the management for their good performance during the year 2015 despite somewhat slow-down of business activities in the economy and unhealthy competition in the industry.
They also unanimously approved a stock dividend of 15 percent (10 percent cash & 5 percent stock) per share of Tk. 10.00 each to the shareholders of the company for the year 2015 as recommended by the Board of Directors.
The Chairman of the company applauded the management of the company for the performance during the year 2015. He also thanked the shareholders for their co-operation and counsels in running the company smoothly.
Some of the shareholders present in the AGM spoke highlighting the positive achievement in business in the year and thanked the board of directors and the management. They thanked the Management & Financial Consultant M. Azizul Huq with appreciation for exercising important role in the company and thanked the Chief Executive Officer P. K. ROY, FCA for elevating the company to it’s present height step by step.
They also suggested some ways and means for further improvement of the performance of the Company in future. It was reported that the Company earned Tk. 178.34 million as profit before tax. After transfer of Tk. 23.05 million to reserve fund and Tk. 65.00 million to income tax, the Board of Directors recommended 15 percent dividend (10 percent cash and 5 percent stock).
