The shareholders of Investment Corporation of Bangladesh (ICB) approved 30 per cent cash dividend and 5.0 per cent stock dividend for the FY 2016-17 at its 41st annual general meeting (AGM) against each share of Tk.10, according to a statement.
The government is entitled to cash dividend amounting to over Tk 512.57 million and 85,42,968 shares as bonus against their holding of 17,08,59,380 shares.
Chairman of the board of directors of ICB Prof. Dr. Mojib Uddin Ahmed and Managing Director of ICB Kazi Sanaul Hoq handed over the dividend warrant to Finance Minister Abul Maal Abdul Muhith recently.
Additional Secretary, Financial Institutions Division, Quamrun Naher Ahmed, Manik Chandra Dey, Salma Nasreen (NDC), Joint Secretary Md. Humaun Kobir and senior officials of the ministry were present on the occasion.
Among others, Deputy Managing Director Md. Mosaddake-Ul-Alam, General Managers, Secretary to the Board of Directors of ICB were also present on the occasion.
Different achievements of ICB were discussed on the occasion. Finance Minister appreciated the pioneering role of ICB in the Capital Market especially to keep the Market into a stable position.
He thanked the Board of Directors and the Management of ICB and its Subsidiaries and employees at all level for continuously paying notable dividend to the National Exchequer.
The ministers also appreciated the strategic change in ICB's activities, keeping pace with the national economic policy. The Managing Director, on behalf of the Board of Directors of ICB, thanked the minister and officials of the Ministry for their all out co-operations.