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September 3, 2020
The twenty-third Annual General Meeting (AGM) of Infrastructure Development Company Limited (IDCOL) was held on 2 September 2020

The twenty-third Annual General Meeting (AGM) of Infrastructure Development Company Limited (IDCOL) was held on 2 September 2020 via virtual platform. Ms. Fatima Yasmin, Chairman, IDCOL and Secretary, Economic Relations Division presided over the meeting. During the FY 2019 Companys profit before tax and provision was Tk. 401.27 crore. The AGM declared the dividends for a total amount of Tk. 130 crore from the profit made by the Company during FY 2019. The dividends are as follows:


1) An amount of Tk. 65 crore to be paid to the Government as cash dividend; and
2) An amount of Tk. 65 crore be used for increasing the Companys paid-up capital to Tk. 715 crore from the existing Tk. 650 crore by way of issuing bonus shares;


Ms. Fatima Yasmin, Chairman, IDCOL and Secretary, Economic Relations Division, Dr. Ahmad Kaikaus, Shareholder, IDCOL and Principal Secretary to the HPM, Prime Ministers Office, Mr. Abu Hena Md. Rahmatul Muneem, Shareholder, IDCOL and Chairman, National Board of Revenue (NBR), Mr. Abdur Rouf Talukder, Director and Shareholder, IDCOL and Secretary, Finance Division, Dr. Md. Jafar Uddin, Shareholder, IDCOL and Secretary, Ministry of Commerce, Dr. Sultan Ahmed, Director and Shareholder, IDCOL and Secretary, Power Division, Mr. M. Tofazzel Hossain Miah, Director and Shareholder, IDCOL and Secretary, Prime Ministers Office, Mr. Md. Shahabuddin Patwary, Shareholder, IDCOL and Additional Secretary, Economic Relations Division, Ms. Nihad Kabir, Director and Shareholder, IDCOL, Mr. Abdul Haque, Director and Shareholder, IDCOL, Mr. A. K. M. Nurul Fazal Bulbul, Director & Shareholder, IDCOL and Mr. Mahmood Malik, Executive Director and CEO, IDCOL attended the 23rd AGM of IDCOL.