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May 2, 2019
The twenty-second Annual General Meeting (AGM) of Infrastructure Development Company Limited (IDCOL) was held on 28 April 2019

The twenty-second Annual General Meeting (AGM) of Infrastructure Development Company Limited (IDCOL) was held on 28 April 2019 at conference room, Economic Relations Division, Ministry of Finance, Sher-e-Bangla Nagar, Dhaka. Mr. Monowar Ahmed, Chairman, IDCOL and Secretary, Economic Relations Division presided over the meeting. During the FY 2018 Company’s profit before tax and provision was Tk. 284.61 crore. The AGM declared the dividends for a total amount of Tk. 70 crore from the profit made by the Company during FY 2018. The declared dividends are as follows:

1) An amount of Tk. 20 crore be paid to the Government as cash dividend; and

2) An amount of Tk. 50 crore be used for increasing the Company’s paid-up capital to Tk.650 crore from the existing Tk. 600 crore by way of issuing bonus shares;

Sitting from the left: Mr. A K M Nurul Fazal Bulbul, Director, IDCOL and Vice-chairman, CDBL, Mr. Md. Shah Kamal, Director, IDCOL and Senior Secretary, Ministry of Disaster Management and Relief, Mr. Monowar Ahmed, Chairman, IDCOL and Secretary, Economic Relations Division, Ms. Nihad Kabir, Director, IDCOL and Advocate, Bangladesh Supreme Court and Mr. Abdul Haque, Director, IDCOL and Managing Director, Haq's Bay Automobiles Ltd.

Standing from the left:   Mr. S. M. Monirul Islam, Deputy CEO & CFO, IDCOL, Mr. Mahmood Malik, Executive Director and CEO, IDCOL, and Mr. M. Maftun Ahmed, Company Secretary, IDCOL.