‘World finance squeezes due to economic recession’

Business Desk:

The 38th Annual General Meeting (AGM) of Eastland Insurance PLC. was held recently through a virtual platform.

The meeting was presided over by Mahbubur Rahman, Chairman of the Company. A remarkable numbers of Directors of the Board also joined in the AGM Chief Executive Officer Mohammed Salim also joined and placed different information to the shareholders.

Besides Members of the Board of Directors, a large number of Shareholders joined in the virtual Annual General Meeting.

The Chairman presented the Directors’ Report and Audited Financial Statements” of the Company for the year ended December 31, 2024 along with the ‘Independent Auditor’s Report’ thereon in the meeting and shareholders approved the same. The Shareholders approved total 10% Cash Dividend for the year 2024 for the public shareholders only (except the Sponsors and Board Members) as recommended by the Board of Directors.

Shareholders also approved appointment of both Statutory Auditor and Corporate Governance Compliance Auditors for the year 2025.

The Chairman stated that world economy has become squeezed due to the economic recession. Impact of world recession also shaken our economy.