RAK Ceramics declares 10% cash dividend

Country’s leading tiles manufacturer RAK Ceramics declared a 10% cash dividend to its shareholders for 2023 ended 31 December. 

The dividend decision came out at a board meeting held on Monday (29 January).

To approve the dividend and audited annual financial accounts, the tiles manufacturer will conduct the annual general meeting on 19 March and the record date is 19 February.

According to the financial report, its revenue stood at Tk782 crore, reflecting a 5% increase compared to the previous year.

The company’s net profit for 2023 stood at Tk62 crore with earnings per share at Tk1.44, which was Tk67 crore and Tk1.57 respectively a year ago.

Its shares closed at Tk33 each on Monday at the Dhaka Stock Exchange (DSE).

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.