The New Nation - Internet Edition

BUSINESS REPORT

The 4th extraordinary general meeting and 8th annual general meeting of Prime Islami Life Insurance Ltd were held at Bangladesh-China Friendship Conference Centre in the city on September 20 last.

The meeting was presided over by company's Chairman MA Wahhab. In presence of the company's Directors, Managing Director KM Motuza Ali and Company Secretary Habibur Rahman, the proposal of increasing the company's authorised capital from Tk 10 crore to Tk 25 crore taka was approved at the 4th EGM.

At the 8th AGM, audited accounts of the company for the year ended on December 31, 2007, director's report and proposal of 20 percent stock dividend were approved.

The shareholders present at the meting expressed their satisfaction in the company's overall performance.

In the year 2007, the company's premium income was Tk 81.64 crore, which was Tk 56.37 crore in the year 2006. This year the company's life fund has increased to Tk 84.81 crore from the previous year's Tk 43.86 crore while the company's investment has increased to Tk 70.25 crore from previous year's Tk 33.34 crore.