The 46th Annual General Meeting (AGM) of the Investment Corporation of Bangladesh (ICB) was held on Wednesday through digital/virtual platform. The meeting was presided over by Prof. Dr. Md. Kismatul Ahsan, Chairman, Board of Directors of the Corporation. Md. Abul Hossain, Managing Director of ICB and other Directors of ICB attended the meeting. A significant number of shareholders attended the meeting.
During FY 2021-2022, ICB earned solo and consolidated (with subsidiaries) net profit of Tk 113.26 crore and Tk. 144.57 crore respectively. The shareholders approved the annual accounts and the dividend of 5% cash & 5% stock, as recommended by the Board of Directors of the corporation for the year 2021-2022. The corporation declared 11% cash dividend in the year 2020-2021.
During the period under review, the Corporation made cumulative investment of Tk 13,973.73 crore in the capital market.
The Corporation recovered an amount of Tk 1,295.79 crore on account of dividend, margin loans, project loans and other loans/advances.
During the period, the total transaction of ICB and its subsidiary companies in both the bourses was Tk. 32,825.51 crore which is 57.86 percent more than that of Tk. 20,794.56 crore conducted in the previous year.
The Corporation also declared a dividend for its Unit Fund @ of Tk 42.00 per Unit which is highest in the mutual fund industry in Bangladesh for the year under review.
