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National Housing Finance and Investments Limited conducted its 24th Annual General Meeting (AGM) on Sunday on the virtual platform, with shareholders approving a 15 per cent cash dividend for the year 2022.
Chairman of the company Mr Mahbubur Rahman presided over the AGM, while directors, promoters and a substantial number of shareholders were present. During the meeting, shareholders expressed gratitude to the board of directors and management for the consistent accomplishments of the company.
In addition to the regular agenda, the shareholders granted approval for a company name change to "National Housing Finance Plc." Besides, shareholders approved the establishment of separate wings for business operations in accordance with Islamic Shariah Principles.
National Housing, a leading financial institution primarily focused on home loans, boasts a total shareholders' equity of Tk 2,269.83 million as of December 31, 2022.
The company achieved a net profit of Tk. 263.14 million, resulting in earnings per share (EPS) of Tk. 2.25 and a net asset value per share (NAV) of Tk 19.40.