Business Report :
The state-owned financial institution Infrastructure Development Company (IDCOL) has paid a dividend of Tk. 50 crore to the government on the net profit of the last financial year, 2023.
Md. Shahriar Kader Siddiky, Secretary, Economic Relations Department (ERD) and Chairman, IDCOL, formally handed over the dividend check to Honourable Finance Advisor Dr. Salehuddin Ahmed at the Ministry of Finance.
After receiving the cheque, the finance advisor said, “As a government-owned financial institution, IDCOL has set an example in financing the infrastructure development, energy efficiency, and renewable energy sectors of Bangladesh.”
In IDCOL’s 27th AGM, a total amount of Tk100 crore from the profit made by IDCOL during FY 2023 was declared as dividends.
An amount of Tk. 50 crore to be paid to the government as a cash dividend; and
An amount of Tk. 50 crore be used for increasing the company’s paid-up capital to Tk. 888 crore by issuing bonus shares.
Also present on the occasion was Farid Aziz, Director, IDCOL, and Additional Secretary, Economic Relations Division (ERD); Alamgir Morshed, Executive Director and CEO, IDCOL; S. M. Monirul Islam, Deputy CEO and CFO, IDCOL; Nazmul Haque, Chief Investment Officer, IDCOL; Md. Enamul Karim Pavel, Head of Renewable Energy, IDCOL; and M. Maftun Ahmed, Company Secretary, IDCOL.
