Peoples Insurance declares 10.5% cash dividend for 2025

Peoples Insurance PLC has approved a 10.5% cash dividend for the year ended 31 December 2025 at its 41st Annual General Meeting (AGM), held virtually today (24 June) in compliance with all regulations of the Bangladesh Securities and Exchange Commission (BSEC).

The meeting was chaired by the company's Chairman Jafar Ahmed Patwary and attended by more than 256 shareholders through a digital platform.

Representatives of the statutory auditor, scrutineer, observers from the Dhaka Stock Exchange (DSE), Chittagong Stock Exchange (CSE) and BSEC also joined the meeting virtually, according to a press release.

Shareholders approved the audited financial statements for 2025, the directors' report and the proposed 10.5% cash dividend.

They also endorsed decisions relating to the election and appointment of directors, as well as the appointment of statutory and compliance auditors for 2026.

The AGM was conducted by Company Secretary Sheikh Mohammad Sarfaraz Hossain FCS, who introduced the board members and outlined the voting procedures at the beginning of the session.

In his welcome address, Chief Executive Officer SM Azizul Hossain presented an overview of the company's operations and performance.

Addressing shareholders before the approval of the financial statements, Audit Committee Chairperson Rubaiyath Ara FCA said the company's operations had continued consistently since inception and that no extraordinary events had occurred during the reporting year.

She noted that all transactions with related parties were conducted on an arm's-length basis and under the same commercial terms applicable to third parties, in line with Bangladesh Accounting Standard (BAS) 24 on related-party disclosures.

She also said there were no significant deviations between the quarterly and year-end financial results, adding that the financial statements prepared by the management accurately reflected the company's operating performance, cash flows and changes in equity.