GP to give 250pc cash dividend

CEO Yasir Azman said 2021 has set a foundation for expediting future growth, building future-fit capabilities and operational models

Shareholders of Grameenphone have approved 250 per cent cash dividend for 2021.

The approval came in an annual general meeting held virtually yesterday.

Despite the challenges of new Covid-19 variants, Grameenphone stood by the country with its increased investment, innovations in products and services, and its support to communities in need, said Chairman Jorgen C Arentz Rostrup.

"We look forward to the expected growth momentum as we have significantly invested in network, spectrum, and onboarded network operating partners with advanced and future-fit capabilities," he added.

CEO Yasir Azman said 2021 has set a foundation for expediting future growth, building future-fit capabilities and operational models, and catalysing meaningful social impacts to support Bangladesh's ambition to become a self-sustained digital economy.

It delivered a good set of financial results with improved growth momentum in 2021, driven by increased users and usage due to network and experience enhancements, he said.

The board of directors announced a final cash dividend for 2021 of 125 per cent of the paid-up capital.

Including a previous 125 per cent interim cash dividend, the total cash dividend stands at 250 per cent of the paid-up capital.

In addition, Grameenphone made eSIMs available from April 25, 2022.