Global Ins proposes 10pc cash dividend for 2024

Business Report :

Global Insurance Limited has proposed a 10 per cent cash dividend for the year 2024, matching its previous year’s payout, even as the company posted a notable 14.49 per cent growth in earnings per share (EPS).
According to a disclosure on the stock exchange, the insurer’s consolidated EPS climbed to Tk1.58 in 2024, compared to Tk1.38 in 2023.
Following the announcement, Global Insurance’s shares surged by 5.62 per cent on Monday, reaching Tk28.20 each on the Dhaka Stock Exchange (DSE).
The company also reported an increase in its consolidated net asset value (NAV) per share, which rose to Tk14.54 in 2024 from Tk13.96 the previous year. However, its consolidated net operating cash flow per share declined to Tk0.26, down from Tk0.68 in 2023.
The company’s annual general meeting (AGM) is scheduled for 25 August and will be held in a hybrid format, allowing participation both in-person and online. Shareholder approval will be sought during the meeting for the proposed dividend and the company’s financial statements. The record date for determining eligible shareholders has been fixed for 30 July.
Listed in 2005, Global Insurance is categorised under “A” on the stock exchanges. As of April 2025, its shareholding structure consisted of 35.32 per cent held by sponsor-directors, 11.16 per cent by institutional investors, and 53.52 per cent by the general public.