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CVO Petrochemical approves 25% cash dividend

The annual general meeting (AGM) of CVO Petrochemical Refinery Ltd held at its Katalgonj head office in Chittagong recently approved 25 per cent cash dividend for the shareholders for the year 2015-16.

Presided over by chairman of the company Shamsul Alam Shamim the meeting was attended by chief adviser of the company Mainuddin Khan Badal MP, managing director AHM Habibullah, directors Mohammed Amin, Emranul Haque and Md Mohsin Saki, deputy managing director Nizam Uddin Mahmud Hossain, CFO Mizanur Rahmam Zabed, company secretary Kaikobad Ahmed and senior officials.

The AGM was also attended by Amirul Islam, chief officer of the audit firm KM Hassan & Co. In the meeting two independent directors Professor Md Hossain Imam and Captain (retired) Hassan Sayeed Monirul Alam retired after completion of the tenure while Murshedul Alam Quadery was appointed new independent director.

The meeting mourned the death of the company`s sponsor director Nurul Alam Ansari and prayed for his departed soul. The shareholders, directors and officials joined the special prayer for the late sponsor director.

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