Reliance declares 30pc stock dividend

Shahnaz Rahman, chairman of Reliance Insurance Ltd, presides over the insurer's 22nd annual general meeting at Bangabandhu International Conference Centre in Dhaka yesterday. The company declared 30 percent stock dividend for 2009. Abdur Rouf Chowdhury, the newly elected chairman, and Latifur Rahman, director, are also seen. Photo: Reliance Insurance

Reliance Insurance declared 30 percent stock dividend for 2009 at its annual general meeting yesterday, the company said in a statement.
Shahnaz Rahman, chairman of the company, presided over the meeting at Bangabandhu International Conference Centre in Dhaka.
The company logged a gross premium income of more than Tk 104 crore and earned upwards of Tk 14.30 crore in pre-tax profit in 2009, the statement added.
Romana Rouf Chowdhury and Iftikhar Arshad Husain have been elected as new directors at the AGM.
Later at a board meeting, A Rouf Chowdhury has been elected as the company's chairman and Rajiv Prasad Shaha as vice-chairman.