The New Nation - Internet Edition

BUSINESS REPORT

Prime Insurance Company Ltd has declared a stock dividend at the rate of 10 per cent.

The dividend was declared at the 12th annual general meeting (AGM) of the company held on July 17 in Dhaka.

The AGM was presided over by Ferdous Amin, Chairman of the Board of Directors of the company, which was attended by a large number of shareholders.

Among the Directors, Shah M Hasan, Monzoor ul Karim, Alhaj Abdul Gaffar Dubash, Mizanur Rahman Mostafa, Abu Hasan Khan, Representative Directors KM Kaiser, S. A. M. Hossain, Aynul Haque, Md Shamsul Alam, Managing Director (cc) Ferdous Ara Chowdhury (Nimmi), Md Nurul Islam Mollah, DMD and Company Secretary (cc) Sharif Mahmud were also present in the meeting.

According to the Financial Statement, the company achieved gross premium income of Tk 144.24 million and earned a pre-tax profit of Tk 27.99 million. The shareholders present in the meeting highly appreciated the overall performance of the Company.

Ferdous Amin, in his brief address welcomed the shareholders and thanked them all for extending their wholehearted support and co-operation towards over-all progress of the company.

He also appreciated the Management for their excellent performance they had shown and advised them to continue their efforts to become one of the leading general insurance companies in Bangladesh.