Federal Ins declares 10% cash dividend

Federal Insurance Company Ltd has approved a 10 per cent cash dividend.

This was announced at the 35th annual general meeting, which was held virtually yesterday, said a press release.

Enamul Hoq, chairman of the insurer, presided over the meeting, conducted by Sheikh Mohammad Anwar Uddin, senior executive vice-president and company secretary.

The meeting witnessed the re-election of Faraaz Karim Chowdhury as a director from public shareholders.

Elias Siddiquee, vice-chairman, Md Abdul Khaleque, chairman of executive committee, Sabirul Hoque, chairman of claims committee, Safar Raj Hossain, chairman of audit committee, and Muhammad Nazrul Islam, chairman of nomination and remuneration committee, and AMM Mohiuddin Chowdhry, managing director and chief executive officer, were present.

Among others, Jainul Abedin Jamal, Khadizatul Anwar, Mamtaz Begum, Morshedul Shafi, Tahreer Nawaz, Towfiqul Islam Chowdhury, Towhidul Alam, AKM Ziauddin Chowdhury, Begum Hasina Banu, Abrarul Hoque, Faraaz Karim Chowdhury, and Jia Uddin, directors, Md Rafiqul Islam and Md Mahfuzur Rahman, independent directors, and Masud Hossain, chief financial officer, were present.