MICL recommended 7pc cash dividend
Business Desk :
Mercantile Insurance Company Ltd (MICL) organized its 188th Board of Directors meeting virtually by using digital platform recently.
The meeting was presided over by M Kamal Uddin, Chairman of the company. Vice-Chairman Md Nabiullah, Executive Committee Chairman Md Nurul Amin, Directors Abdul Haque, Mohammed Solaiman, Md Mizanur Rahman, Abdul Mannan Mazumder, M Nasir Uddin, Chief Executive Officer Firoz Ahmed, Company Secretary Abdur Rahman, Senior Executive Vice-President Md Azim Uddin, Executive Vice-President Md Nazrul Islam and Executive Vice-President & CFO Md Abdus Salam, among others, were present in the meeting.
In the meeting decision was made that company's 24th Annual General Meeting will be held on September 27, 2020.
The Board of Directors recommended 7 percent cash dividend only to all the shareholders for the year ended 2019 subject to approval from 24th Annual General Meeting record date was also fixed on August 16, 2020.