The New Nation - Internet Edition

BUSINESS REPORT

The 20th Annual General Meeting of Central Insurance Company Ltd (CICL) held recently.

The company approved 10 per cent stock dividend and 1:5 rights share at par for its shareholders for the year 2007.

The dividend was approved at the company's 20th Annual General Meeting (AGM) held at Officers' Club in the city on June 29.

Chairman of the Board of Directors of the company Alhaj Md Nurun Newaz presided over the meeting.

A large number of shareholders and directors attended the meeting.

The meeting approved the company's account for the year 2007. The AGM was informed that the company earned gross premium income of Tk 166.13 million during the year 2007, which was 14.35 per cent higher than the previous year, profit before tax was Tk 30.31 million against Tk 27.95 million of the previous year. Gross claim settled during the year was Tk 25.24 million against Tk 4.06 million in 2006. The company's total assets at the end of the year stood at Tk 440.42 million.

Among other members of the Board of Directors, Md Golam Kibria, Md Tayabur Rahman, Mohd Masud Hossain, Alhaj Md Abdul Malcque, Alhaj Md Abu Taher Chowdhury, Mohammed Musa, Abu Mohammad, Mrs Tayeeba Alam, Mrs Hosne Ara Begum, Mrs Shahena Islam, ex-Chairmen Md Nurul Islam, Alhaj Md Shau, Alhaj Md Yousuf Chowdhury, ex-Director Showkat Alam, Adviser Azizul Haque Chowdhury, Managing Director (C.C) Md Zahid Anwar Khan, Consultant Tasiruddin Ahmed and Company Secretary Mirza Md Alauddin were present at the meeting.