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Approved 11% Cash Dividend

Asia Insurance Limited has approved 11% Cash Dividend for the year ended December 31, 2022 in its 23rd Annual General Meeting (AGM) held on 17th July, 2023 virtually by using Digital Platform.

The meeting was presided over by the Company’s Sponsor Director and Chairman Yussuf Abdullah Harun FCA and a large number of shareholders participate virtually in the meeting. The Company’s Managing Director & CEO Mr. Md. Imam Shaheen spoke in the meeting.

During the year the company earned a gross premium of Tk. 793,461,589/-. Profit before tax was Tk. 137,127,080/-. Company’s total assets at the end of the year stood at Tk. 2,430,267,843/-. A good number of shareholders participated in the discussions through using digital platform and expressed their full satisfaction with the performance of the company amidst challenges and hurdles. Asia Insurance Limited maintaining AA+ credit rating since 2020.

The meeting re-elected 03 (three) Directors from group A sponsor shareholders namely Mr.Abul Bashar Chowdhury, Mr. Mohammed Jahangir Alam and Mrs.Farzana Afroze. The meeting also elected 02 (two) Directors from group B Public shareholders. They are Bay-Leasing & Investment Limited., represented by Mr. Tarik Sujat, Southeast Bank Limited, represented by, Mr. Rashedul Islam. Besides Mr. Syed Sajedul Karim and Mr. Mohammad Delwar Husain has been appointed as Independent Director, which approved by the shareholders.