Bangladesh Infrastructure Finance Fund Limited (BIFFL) has observed its 7th annual general meeting (AGM) on 27 March 2018.
In the meeting, the shareholders approved the audited financial statements for the FY-2017 and declared the stock dividend of Tk 49 crore in the form of bonus shares leading the company’s paid up capital to Tk 2,108 crore and cash dividend of Tk 15 crore in favor of the government of Bangladesh against its shareholding, represented by the Finance Division of Ministry of Finance, said a press release.
Established in 2011, BIFFL finances PPP projects, other infrastructures as well as environment friendly and energy efficient projects for sustainable infrastructure development of the country.
It has already financed Tk 1716.27 crore in Power, Economic Zones, Tourism and Hospitality Management, Health and Environment friendly projects, and another Tk 1500 is waiting to be disbursed.
Finance division acting secretary and chairman of BIFFL Mohammad Muslim Chowdhury presiding over the 7th AGM of BIFFL.
Other directors and shareholders bridges division senior secretary Khandker Anwarul Islam, energy and mineral resource division secretary Nazimuddin Chowdhury, power division secretary Dr. Ahmad Kaikaus road transport and highways division secretary Md. Nazrul Islam, economic relations division secretary Kazi Shofiqul Azam, acting secretary of Prime Ministers Office Sajjadul Hassan, executive director and CEO of BIFFL S M Formanul Islam, company secretary Mohammad Khan and other officials along with the external auditors of the company were present in the meeting.