Jamuna Oil declares 180% cash dividend for FY25
It was approved at its 50th annual general meeting (AGM)
Jamuna Oil Company Limited (JOCL) has declared a 180% cash dividend for the 2024–25 financial year, approved at its 50th annual general meeting (AGM).
The meeting was held virtually on Saturday at 11am and was chaired by Md Yunusur Rahman, former senior secretary of the Financial Institutions Division under the Ministry of Finance and current chairman of the JOCL board, according to a press release.
The audited financial statements and other agenda items were approved at the meeting. Addressing the meeting, Rahman spoke about the company's operational performance and future plans. Managing Director Md Amir Masud outlined JOCL's work plan and responded to shareholders' queries.
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Shareholders reviewed the audited financial statements for the year ended 30 June and the directors' report, expressing satisfaction with the company's overall performance through online participation.
Among those present as board directors were Dr Nurunnahar Chowdhury, NDC, secretary of the Ministry of Shipping; Muhammad Ashraf Hossain, director (marketing) and joint secretary of Bangladesh Petroleum Corporation; Md Shamsul Alam Bhuiyan; engineer Manjare Khorshed Alam; and engineer Sheikh Al Amin. Independent directors Ms Kawsar Jahura and Saleh Ahmed Khasru also attended.
Managing Director and Director (Engineering) engineer Md Amir Masud, along with Company Secretary Md Masudul Islam, were also present at the meeting.
