ICB approves two percent cash dividend for the year

Business Report :

The 48th Annual General Meeting (AGM) of the Investment Corporation of Bangladesh (ICB) was held on Saturday through a virtual platform. Professor Abu Ahmed, Chairman of the ICB Board of Directors, presided over the meeting.
The Managing Director of ICB, along with other Directors of the ICB Board, 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 ICB’s Annual Report and Audited Accounts for FY 2023-2024. They expressed their satisfaction with ICB’s performance and pivotal role during the critical period of the capital market.
In FY 2023-2024, ICB earned solo and consolidated (with subsidiaries) net profits of Tk. 20.85 crore and Tk. 32.68 crore, respectively. In the meeting, the shareholders approved the annual accounts, and the Board of Directors of ICB declared a 2per cent cash dividend for FY 2023-2024, which was 2.5per cent cash and 2.5per cent stock in FY 2022-2023.