The twenty-third Annual General Meeting (AGM) of Infrastructure Development Company Limited (IDCOL) was held on 2 September 2020 via virtual platform. Ms. Fatima Yasmin, Chairman, IDCOL and Secretary, Economic Relations Division presided over the meeting. During the FY 2019 Company’s profit before tax and provision was Tk. 401.27 crore. The AGM declared the dividends for a total amount of Tk. 130 crore from the profit made by the Company during FY 2019. The dividends are as follows:
1) An amount of Tk. 65 crore to be paid to the Government as cash dividend; and
2) An amount of Tk. 65 crore be used for increasing the Company’s paid-up capital to Tk. 715 crore from the existing Tk. 650 crore by way of issuing bonus shares;
Ms. Fatima Yasmin, Chairman, IDCOL and Secretary, Economic Relations Division, Dr. Ahmad Kaikaus, Shareholder, IDCOL andPrincipal Secretary to the HPM, Prime Minister’s Office, Mr. Abu Hena Md. RahmatulMuneem, Shareholder, IDCOL andChairman, National Board of Revenue (NBR), Mr. AbdurRoufTalukder, Director and Shareholder, IDCOL and Secretary, Finance Division, Dr. Md. Jafar Uddin, Shareholder, IDCOL andSecretary, Ministry of Commerce, Dr. Sultan Ahmed, Director and Shareholder, IDCOL and Secretary, Power Division, Mr. M. Tofazzel Hossain Miah, Director and Shareholder, IDCOL and Secretary, Prime Minister’s Office, Mr. Md. Shahabuddin Patwary, Shareholder, IDCOL and Additional Secretary, Economic Relations Division, Ms. Nihad Kabir, Director and Shareholder, IDCOL, Mr. Abdul Haque, Director and Shareholder, IDCOL, Mr. A. K. M. Nurul Fazal Bulbul, Director & Shareholder, IDCOL and Mr. Mahmood Malik, Executive Director and CEO, IDCOL attended the 23rd AGM of IDCOL.