MI Cement Factory Ltd., popularly known as Crown Cement, has approved 10 per cent cash dividend for its shareholders for the year ended on June 30, 2019.
The approval came at the 25th annual general meeting (AGM) of the company held on the factory premises at West Mukterpur in Munshiganj on Thursday.
The financial statements for 2018-19 and the auditors' report, report of the Board of Directors; re-election of directors in terms of the relevant provisions of the Articles of Association of the company, appointment of statutory auditors and the corporate governance compliance auditors for the year ending on June 30, 2020 as well as fixation of their remuneration were approved in the AGM.
Mohammed Jahangir Alam, Chairman of MI Cement, presided over the AGM, attended by Vice-chairman Md Alamgir Kabir, Managing Director Molla Mohammad Majnu, Additional Managing Director Md Mizanur Rahman Mollah, Director Md Almas Shimul, Independent Directors Zakir Ahmed Khan and Prof Dr M Abu Eusuf, Chief Executive Officer Md. Mukter Hossain Talukder and Chief Adviser to the Board Masud Khan.