The dividend was declared at the 19th annual general meeting (AGM) of the company held in Dhaka on Thursday. Rokia A Rahman, chairman of the Board of Directors, presided over the meeting.

In 2006, the company achieved a gross premium income of Tk 743.83 million, representing a growth of 18.73 percent. The company registered good underwriting and investment performance and its pre tax profit increased to Tk 70.18 million as against Tk 55.79 million in the preceding year.

The AGM elected Iftekhar Arshad Husain and Rumana Rouf Rumee as two new directors from public shareholders.

Following the AGM, a meeting of the Board of Directors took place in which Asadul Huq and Habibullah Khan were elected chairman and vice chairman respectively.

The Board of Directors of Reliance Insurance Ltd now comprises of Asadul Huq, chairman, Habibullah Khan, vice chairman, M Shamsul Alam, A Rouf Chowdhury, Anwarul Huq, Latifur Rahman, Rokia A Rahman, Shahnaz Rahman, Shamsur Rahman, Rajiv Prasad Shaha, Amanullah Chowdhury, Iftekhar Arshad Husain, Yasmeen Khan, Atiqur Rahman, Romana Rouf Rumee, Ahmad Shafi Chowdhury and Akhtar Ahmed as managing director and chief executive officer.