Thursday, October 1, 2020 | ePaper

Two more life insurers declare dividend

  • Print
Business Desk :
The boards of directors of two more life insurers have recommended cash dividend for the year ended on December 31, 2019.
The companies are National Life Insurance Company and Sandhani Life Insurance Company, according to separate official disclosures on Sunday.
National Life Insurance: The board of directors of National Life Insurance have recommended 28 per cent cash dividend for the year ended on December 31, 2019.
The final approval will come during the annual general meeting (AGM) scheduled to be held on September 29 at 12:00 noon Digital Platform. The record date is August 31.
There will be no price limit on the trading of the shares of the company today following its corporate declaration; however, as per the BSEC Order dated March 19, 2020, the floor price shall be applicable accordingly.
Listed in 1995, each share of the National Life Insurance closed at Tk 2263.40 on Thursday last.
The company's paid-up capital is Tk 1.08 billion, authorised capital is Tk 2.0 billion and the total number of securities is 108.52 million.
Sandhani Life Insurance: The board of directors of Sandhani Life Insurance has recommended 12 per cent cash dividend for the year ended on December 31, 2019.
The AGM will be held on September 27 at 11:30am through Digital Platform. The record date is September 1.
The company has also reported consolidated EPS of Tk. 1.46, Consolidated NAV per share of Tk. 18.37 and Consolidated NOCFPS of Tk. (3.03) for the year ended on December 31, 2019 as against Tk. 1.49, Tk. 18.40 and Tk. (2.94) respectively for the same period of the previous year.

There will be no price limit on the trading of the shares of the company today following its corporate declaration; however, as per the BSEC Order dated March 19, 2020, the floor price shall be applicable accordingly.

Listed in 1996, each share of the Sandhani Life Insurance closed at Tk 26.60 on Thursday last.

The company's paid-up capital is Tk 1.09 billion, authorised capital is Tk 2.0 billion and the total number of securities is 109.69 million.

More News For this Category

Eva Rezwana, along with Nazrul Islam Sarker, Amdadul Haque Sarker, Deputy Managing Directors of Walton, addressing at a press conference marking the 'Declaration Programme of Digital Campaign Season-8' held at the Walton Corporate Office in the city on Wednesday. Amdadul Haque Sarker, Executive Director, Md. Humayun Kabir, Uday Hakim, Ariful Ambia and Amin Khan, Executive Directors and Md Firoj Alam, Deputy Executive Director of the company, were also present.

Eva Rezwana, along with Nazrul Islam Sarker, Amdadul Haque Sarker, Deputy Managing Directors of Walton, addressing at a press conference marking the 'Declaration Programme of Digital Campaign Season-8' held at the Walton Corporate Office in the city on Wednesday. Amdadul Haque Sarker, Executive Director, Md. Humayun Kabir, Uday Hakim, Ariful Ambia and Amin Khan, Executive Directors and Md Firoj Alam, Deputy Executive Director of the company, were also present.

.

US Treasury says loan deal reached with seven airlines amid crisis

AFP, Washington :The US Treasury on Tuesday announced it had reached a deal with seven major US airlines including American and United to offer them loans in a bid

Govt to procure 30,000 MT bagged urea, 50,000 MT bulk urea fertilizer

BSS, Dhaka :The Cabinet Committee on Government Purchase (CCGP) on Wednesday approved three separate proposals to procure some 30,000 metric tons of bagged granular urea fertilizer and 50,000 metric

5th Cotton Day held in city

Business Desk :COTTON USA arranged a virtual seminar on 5th Cotton Day- Bangladesh on Tuesday.  Cotton Council International (CCI) introduced Cotton Day in 2016 in Bangladesh to celebrate US

Mercantile Insurance approved 7pc cash dividend: Mercantile Insurance Company Limited approved 7 percent cash dividend for the year ended 31 December, 2019 for all shareholders. The 24th Annual General Meeting (AGM) of the company held recently through virtually and took the decision. M Kamal Uddin, Chairman of the company presided over the meeting while Md. Nabi Ullah, Vice-Chairman, Md. Nurul Amin, Executive Committee Chairman, Md. shah Alam, NRC Chairman, Abdul Haque, Md. Sirajul Islam, Dr. Md. Mizanur Rahman, Abdul Mannan Mazumder, M. Nasir Uddin, Nurul Azim Sunny, Directors and Firoz Ahmed, Chief Executive Officer, share holders and senior officers of the company were also present, said a press release.

Mercantile Insurance approved 7pc cash dividend: Mercantile Insurance Company Limited approved 7 percent cash dividend for the year ended 31 December, 2019 for all shareholders. The 24th Annual General Meeting (AGM) of the company held recently through virtually and took the decision. M Kamal Uddin, Chairman of the company presided over the meeting while Md. Nabi Ullah, Vice-Chairman, Md. Nurul Amin, Executive Committee Chairman, Md. shah Alam, NRC Chairman, Abdul Haque, Md. Sirajul Islam, Dr. Md. Mizanur Rahman, Abdul Mannan Mazumder, M. Nasir Uddin, Nurul Azim Sunny, Directors and Firoz Ahmed, Chief Executive Officer, share holders and senior officers of the company were also present, said a press release.

.

Integrated policy to be adopted to address problems of CMSMEs: Humayun

Business Desk :Industries Minister Nurul Majid Mahmud Humayun on Wednesday said that an integrated policy will be adopted to address the problems of cottage, micro, small and medium enterprises

UFIL approved 20pc dividend: Uttara Finance and Investments Limited approved 15percent cash and 5percent stock dividend for the year 2019. The declaration came up at its 25thAnnual General Meeting (AGM) held on Wednesday through digital platform and the shareholders unanimously approved the dividends, said a press release. Total business exposure of the company stands at Tk. 26,343.87 million in 2019 as against Tk. 23,642.12million in 2018. Operating revenue of the company stands at Tk. 4,607.01 million in 2019 as against Tk. 5,012.13million in 2018. Rashidul Hasan, Chairman,  Matiur Rahman, Vice-Chairman, Mujibur Rahman, Mehdadur Rahman, Zakia Rahman, Kazi Imdad Hossain, Nayeemur Rahman, Directors, AS Jahir Muhammad, Independent Director, S. M. Shamsul Arefin, Managing Director and Md. Jakir Hossain Company Secretary, were also present in the meeting. Managing Director gave a brief description regarding activities during COVID pandemic situation and future plans of the company.

UFIL approved 20pc dividend: Uttara Finance and Investments Limited approved 15percent cash and 5percent stock dividend for the year 2019. The declaration came up at its 25thAnnual General Meeting (AGM) held on Wednesday through digital platform and the shareholders unanimously approved the dividends, said a press release. Total business exposure of the company stands at Tk. 26,343.87 million in 2019 as against Tk. 23,642.12million in 2018. Operating revenue of the company stands at Tk. 4,607.01 million in 2019 as against Tk. 5,012.13million in 2018. Rashidul Hasan, Chairman, Matiur Rahman, Vice-Chairman, Mujibur Rahman, Mehdadur Rahman, Zakia Rahman, Kazi Imdad Hossain, Nayeemur Rahman, Directors, AS Jahir Muhammad, Independent Director, S. M. Shamsul Arefin, Managing Director and Md. Jakir Hossain Company Secretary, were also present in the meeting. Managing Director gave a brief description regarding activities during COVID pandemic situation and future plans of the company.

.

NIIL gets top bosses

NIIL gets top bosses

Business Desk :SM Ayub Ali Chowdhury and Md. Sarwar Salim have been elected as the Chairman and Vice Chairman of Northern Islami Insurance Limited respectively in a meeting of

Md. Mahbub ul Alam, Managing Director and CEO of Islami Bank Bangladesh Limited, inaugurating its Bheramara in Kushtia, Khulshi in Chattogram, Kalai in Joypurhat and Ashulia in Dhaka branch on Tuesday at through virtual platform. Mohammed Monirul Moula, Muhammad Qaisar Ali, Md. Omar Faruk Khan, AMDs, Md. Mosharraf Hossain, DMD, head office executives and local dignitaries also participated.

Md. Mahbub ul Alam, Managing Director and CEO of Islami Bank Bangladesh Limited, inaugurating its Bheramara in Kushtia, Khulshi in Chattogram, Kalai in Joypurhat and Ashulia in Dhaka branch on Tuesday at through virtual platform. Mohammed Monirul Moula, Muhammad Qaisar Ali, Md. Omar Faruk Khan, AMDs, Md. Mosharraf Hossain, DMD, head office executives and local dignitaries also participated.

.

Stocks fall as investors grab profit

Stocks fall as investors grab profit

Economic Reporter :Stocks witnessed a downward trend in early hours of trading on Wednesday as risk-averse investors opted for booking profit on quick-gaining stocks.Following the previous day's modest correction,