Green Delta Insurance AGM approves 20pc cash dividend

Shareholders of Green Delta Insurance Limited Thursday approved 20 per cent cash dividend for the year 2017, appreciating the management for the company's outstanding performance.

The approval was given at the company's 32nd Annual General Meeting (AGM) held at Spectra Convention Center in the capital, said a statement. The company had also provided 20 per cent cash dividend for the shareholders in the previous year

Earlier on February 11, the Green Delta board of directors recommended 20% cash dividend for the year ended on December 31, 2017.

Presided over by the company Chairman Md. Abdul Karim, the AGM was attended by the sponsors, directors and a large number of shareholders. Managing Director and CEO of Green Delta Insurance Chartered Insurer Farzana Chowdhury also addressed at the meeting.

The chairman appreciated the shareholders of the company for their continuous support and cooperation towards the growth of the company.

Advisor and Founding Managing Director of Green Delta Insurance Nasir A. Choudhury also thanked the shareholders for helping the company march ahead in the industry. 

Speaking at the AGM, a good number of shareholders appreciated the board of directors and management of Green Delta Insurance for their outstanding performance, strong corporate governance, declaration of attractive cash dividend and publishing an informative Annual Report (2017), said the statement.

The company earlier reported EPS of Tk. 3.01, NAV per share of Tk. 79.47 and NOCFPS of Tk. (0.25) for the year ended on December 31, 2017 as against Tk. 3.08, Tk. 69.93 and Tk. (0.16) respectively for the same period of the previous year.