Investment Corporation of Bangladesh (ICB) approved 2 per cent cash dividend for the year ended on 30 June 2024 at 48th Annual General Meeting (AGM) held through virtual platform on Saturday.
The meeting was presided over by Prof. Abu Ahmed, Chairman of the Board of Directors of ICB. Managing Director of ICB along with other Directors of the Board of ICB attended the meeting. A significant number of shareholders were virtually connected to the meeting.
In the meeting, the Shareholders were informed about the various aspects of the Annual Report and Audited Accounts of ICB for the FY 2023-2024. They expressed their satisfaction with the performance of ICB and its pivotal role during the critical period of the capital market.
In the FY 2023-2024, ICB earned solo and consolidated (with subsidiaries) net profit of Tk.20.85 crore and Tk. 32.68 crore respectively.
In the meeting, the shareholders approved the annual accounts and 2% cash dividend has been declared by the Board of Directors of ICB for the FY2023-2024,which was2.5% cash and 2.5% stock in the FY 2022-2023.
During the period under review, ICB made an aggregated investment of Tk.2,335.53crore in the capital market and recovered an amount of Tk. 951.78crore as dividend, margin loans, project loans and other loans/advances. The total transaction of ICB and its subsidiary companies in both the bourses was Tk.13,079.39 crore which is 27.76% less than that of Tk. 18,105.36crore in the previous year.
