The New Nation - Internet Edition

BUSINESS REPORT

The 20th annual general meeting (AGM) of Rupali Insurance Company Limited was held at Sonargaon Hotel in the city recently.

Mostafa Golam Quddus, Chairman of the company presided over the meeting. A large number of shareholders were present at the meeting. The shareholders unanimously approved a stock dividend of 20 per cent per share of Tk 100 each to the shareholders of the company for the year 2007 as recommended by the Board of Directors.

The Chairman of the meeting appreciated the management of the company for good performance during the year 2007.

Some of the shareholders present at the AGM spoke on the occasion highlighting the achievements of the year and congratulated the Board of Directors and the management for their good performance during the year 2007.

They also made some valuable suggestions for further improvement of the performance of the company in future.

All the persons present at the meeting mourned at the sad demise of sponsor Director late Alhaj Mohammad Ali and prayed for salvation of his departed soul.

It was reported that the company earned profit before tax of Tk 37 million. After allocating Tk15 million for reserve fund and Tk 10 million for income tax the company declared 20 per cent stock dividend for the year 2007.

Directors of the company KM Farookh, Kazi Maniruzzaman, Jinnat Ali Mian, Mostafa Golam Amran, Quamrus Sobhan, Aftab Ahmed, Mrs Runa Haider and Fauzia Quamrun Tania along with Management and Financial Consultant M Azizul Huq, Managing Director PK Roy, FCA and other senior executives of the company were present at meeting.