Pragati Life Insurance announces 15% cash dividend

Pragati Life Insurance PLC has announced a 15 percent cash dividend for the fiscal year 2024.

The declaration was made at the life insurer's 25th annual general meeting (AGM), held virtually on Sunday, according to a press release.

Khalilur Rahman, chairman of Pragati Life Insurance PLC, presided over the meeting as chief guest.

A large number of shareholders from across the country joined the proceedings virtually.

Jagadish Kumar Bhanja, company secretary, conducted the meeting.

Directors Abdul Awal Mintoo, former chairman of the insurer; Syed M Altaf Hussain; Md Shafiur Rahman; Tafsir M Awal; Mohammed Abdul Hamid; Tajwar M Awal; Suhel Ahmed Choudhury; Sayed Quamrul Hossain; and Anwar Faruque attended the event.

Md Jalalul Azim, chief executive officer; Chandra Shekhar Das, chief financial officer; Mohammad Sohrab Uddin, external auditor from Anil Salam Idris & Co, Chartered Accountants; the company's actuary; and other senior officials, were also present.