It is a broadly described annual report of Fareast Islami Life Insurance Company Limited in the year of 2014. Fareast Islami Life Insurance Co. Ltd. Holds 49,650,000 shares (99.30% out of 50,000,000 shares) @ Tk. 10 each against the paid-up capital of the subsidiary company. Issued, Subscribed and Paid-up Capital Taka. 5,66,23,297 Ordinary Shares of Tk.10 each.
The Board of Directors in their meeting held on 04th July 2015 recommended @10% stock dividend and @35% cash dividend (Total dividend of Tk. 2,548.05 lakh) existing share held at the record date for the year 31st December 2014. These financial statements are presented in Bangladesh Taka (Taka/Tk/BDT) which is the company’s functional currency. All financial information presented in Taka has been rounded off to the nearest Taka.
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