Thursday, 23 March, 2023

Jamuna Oil approves 120pc cash dividend

  • Staff Correspondent
  • 29 January, 2023 12:00 AM
  • Print news

CHATTOGRAM: Jamuna Oil Company Limited (JOCL) approved a 120 per cent cash dividend to its shareholders for the fiscal year 2021-22.

The company declared the cash dividend at its 47th Annual General Meeting (AGM) held on Saturday.

Chairman of Bangladesh Petroleum Corporation (BPC) and JOCL Board of Directors ABM Azad presided over the AGM. The meeting was also attended, among others, by JOCL Directors Sankar Prasad Dev, Md Shamsuddoha, Anupam Barua, Energy and Mineral Resource Division Deputy Secretaries AKM Mizanur Rahman, Shakil Ahmed, Sheikh Mohammad Belayat Hossain, JOCL Board Directors Md Hasanuzzaman and Anika Chowdhury, JOCL Managing Director Md Gias Uddin Ansari and Company Secretary Md Masudul Islam.

ABM Azad presented overall activities and future plans of the company at the meeting.   

Managing Director Md Gias Uddin answered different questions from the shareholders.

The shareholders placed their opinions at the meeting. They also expressed satisfaction over the activities of the company.

Then, the meeting approved the audited financial report, 120 per cent cash dividend for the FY2021-22 and other agendas.

Jamuna Oil Company Limited is a subsidiary of the Bangladesh Petroleum Corporation that nationally markets octane, petrol, diesel, kerosene, furnace oil, bitumen and lubricants in Bangladesh. In 1975, it was renamed Jamuna Oil Company after the river Jamuna. It is headquartered in Chittagong.