The dividend was approved at the 4th annual general meeting of the company held in Dhaka recently with Abul Quasem Haider, chairman of IFIL, in the chair.

The extra-ordinary general meeting (EGM) of the company was also held on the same day. The par value of share was re-fixed at the EGM at Tk100 each instead of Tk 1,000 which to be offered to the public as IPO (Initial Public Offering) very shortly.

Shibbir Mahmud and Rezakul Haider, vice-chairmen, Md Rabiul Islam, managing director of IFIL, among others, were present at the meetings, says a press release.