Libra Infusions allowed to pay 50% stock dividend

For FY21, the company also recommended a 30% cash dividend that only its general shareholders can avail

The Bangladesh Securities and Exchange Commission (BSEC) has allowed Libra Infusions Limited to issue a 50% stock dividend for the fiscal year that ended on 30 June 2021. 

The record date for entitlement of the stock dividend has been fixed on 26 December, the company stated in a stock exchange filing on Monday.

For FY21, the company also recommended a 30% cash dividend that only its general shareholders can avail.

In FY21, the company’s earnings per share stood at Tk0.15 and net asset value per share at Tk1,261.

Its shares last closed at Tk1,592.7 each on the Dhaka Stock Exchange on Monday.

As of 30 November 2023, sponsors and directors jointly held 34.43%, institutions 13.68%, and public investors 51.89% shares in the company.

Source: The Business Standard

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Iram Hoque

Mohd. Iramul Hoque (Iram) completed his bachelor’s degree in Industrial Engineering in 2018 from Purdue University.

He joined Deloitte Consulting LLP as a Consulting Analyst based out of New York City having previously worked in similar roles at PricewaterhouseCoopers LLP & Landis+Gyr.

Iram left consulting and returned to Bangladesh to take up the family business. Realizing the opportunity in the capital market in Bangladesh, Iram worked relentlessly to found Columbia Shares & Securities Ltd in 2021.

Md Saiful Hoque

Md. Saiful Hoque received his bachelor’s degree in Civil Engineering from Columbia University in 1986 followed by a master’s degree from Texas A&M University in 1988. Upon completion of his Graduate Degree, he joined Gulf Interstate Engineering Company in Houston, USA serving as a Project Engineer.

He returned to Bangladesh in 1992 to join Columbia Enterprise Ltd., the family business of Shipping and Freight Forwarding services. In addition, he has built flourishing businesses manufacturing Garment’s Accessories and Fast-Moving Consumer Goods.