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DBH board approves 25pc dividend, name change proposal


Published : 19 Apr 2022 09:02 PM

The shareholders of Delta Brac Housing Finance Corporation Ltd. (DBH) unanimously approved 25% dividend (15% cash & 10% Stock) for the year ending December 31, 2021 as proposed by the Board of Directors, says a press release. 

In addition, the shareholders also approved two special resolutions for changing its name from ‘Delta Brac Housing Finance Corporation Ltd.’ to ‘DBH Finance PLC’ and increase its authorized capital from Tk. 200 Cr. to Tk. 400 Cr.

The approvals were given at the 26th annual general meeting (AGM) of the company held recently by using digital platform with its Chairman, Nasir A Choudhury in the chair. 

The meeting was attended by its directors Dr. A M R Chowdhury, Vice- Chairman, Mehreen Hassan, Bar-at-law, Md. Mujibur Rahman, Moin Uddin Ahmed, M. Anisul Haque, FCMA, Anisur Rahman, Rahseda K. Choudhury, Maj. Gen. Syeed Ahmed (Rtd.), Managing Director & CEO Nasimul Baten, Company Secretary Jashim Uddin, FCS, as well as the general shareholders.

While replying to the queries of the general shareholders, MD & CEO Nasimul Baten highlighted the achievement of highest credit rating ‘AAA’ for the 16th consecutive year with lowest level of Non-Performing Loan.