Published: 09:31 PM, 04 May 2025
Progressive Life Insurance Company organizes board meeting
The 202nd meeting of the Board of Directors of Progressive Life Insurance Company Limited, a company listed on the stock exchange, was held yesterday, April 27, 2025, at 4:00 PM in the company's conference room, chaired by Vice Chairman Bajloor Rashid MBE.
In the meeting, the audited financial statements for the years 2020 to 2023 were approved. A 2.5 percent cash dividend was declared for the 2020 financial year.
The meeting also announced that the Annual General Meeting (AGM) would be held on June 29, 2025, at the Institution of Diploma Engineers, Bangladesh (IDEB), where the financial reports for the four years from 2020 to 2023 will be presented.
The following board members were present: Mezanur Rahman, Md. Jamil Sharif, PhD, FCM; M A Karim, Babel Miah, Kamal Miah, and nominated director Selim Reza FCA, FCS; Zahurul Syed Bakht CPA, CMA, FCM; and Abdus Shakur Chowdhury.
The company's Chief Executive Officer MD Saidul Amin and other senior officials of the company were also present.
Progressive Life Insurance, which was listed in the capitalmarket in 2006, has an authorized capital of 750 million and paid-up capital of 166.4 million 30 thousand BDT.
The total number of shares is 16,643,166, with entrepreneurial directors holding 38.82% of the shares. Additionally, institutional investors hold 10.75%, and the remaining 50.43% of the shares are held by general investors.
