Fareast Islami Life Insurance Company Limited announcements
417 Dhaka Stock Exchange announcements for Fareast Islami Life Insurance Company Limited (FAREASTLIF) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2014 (22).
- Sponsors Buy/Sell/Transfer
The Company has informed that, the board of directors of the company has decided to purchase 7,00,000 Ordinary Shares of Tk. 10.00 each, total amount Tk. 70.00 lac only of its subsidiary company, Fareast Islami Properties Limited. With the above shares, the total holding of shares by Fareast Islami Life Insurance Company limited will be 58,00,000, which is 58% of total shares of Fareast Islami Properties Limited.
- no dividend
The company has informed that, the shareholders who could not receive dividend for the year 2013 through BEFTN (Bangladesh Electronic Fund Transfer Network) system due to their problems of Bank Account, printed Dividend warrant is ready for delivery and concerned shareholders can collect it physically or by authorized person from share department of the company from 01 December, 2014 to 04 December, 2014.<br>
- Q3 Earnings
(Q3): As per un-audited quarterly accounts for the 3rd quarter ended on 30th September 2014 (July'14 to Sep'14), the Company has reported an increase in life insurance fund of Tk. 640.30 million as against Tk. 625.34 million for the same period of the previous year. Whereas increase in life insurance fund was Tk. 1,555.10 million for the period of 9 months (Jan'14 to Sep'14) ended on 30.09.2014 as against Tk. 1,462.59 million for the same period of the previous year. Total life insurance fund stood at Tk. 26,803.13 million as on 30.09.2014 as against Tk. 22,266.81 million as on 30.09.2013.
- Director share buy/Sale
Jahurul Islam Chowdhury and Taslima Islam, both are Sponsors of the Company, have further reported that they have completed their sale/buy of 50,000 shares of the Company at prevailing market price through Stock Exchange as announced earlier.
- Director share buy
Dr. Iffat Jahan, one of the Sponsors of the Company, has further reported that she has completed her buy of 100 shares of the Company at prevailing market price through Stock Exchange as announced earleir.
- to sell Floor Space of Fareast Tower
The Company has informed that the Board of Directors of the Company has decided to sell Floor Space of Fareast Tower of Fareast Islami Life Insurance Company Limited. The details are as follows: Location: Fareast Tower, 35 Topkhana Road, Dhaka-1000, Number of Floors: Level 01 to 10, Total 95,000 sqft. Total cost and sale price of saleable floor space is Tk. 45,84,74,492.00 (approx.) and Tk. 82,77,89,000.00 (approx.) respectively.
- Director share Sale
Jahurul Islam Chowdhury, one of the Sponsors of the Company, has expressed his intention to sell 50,000 shares out of his total holding of 2,53,395 shares of the Company whereas Taslima Islam, another Sponsor of the Company, has expressed her intention to buy 50,000 shares of the Company at prevailing market price (In the Block Market) through Stock Exchange within October 31, 2014.
- H/Y Earnings
(H/Y): As per un-audited half yearly accounts as on 30.06.2014 (Jan'14 to June'14), the Company has reported an increase in life insurance fund of Tk. 914.80 million with total life insurance fund of Tk. 26,162.83 million as against Tk. 837.25 million and Tk. 21,641.47 million respectively for the same period of the previous year. Whereas an increase in life insurance fund was Tk. 675.83 million for the period of 3 months (Apr'14 to June'14) ended on 30.06.2014 as against an increase of Tk. 459.32 million for the same period of the previous year.
- Director share buy
Md. Nazrul Isalm, one of the Sponsors of the Company, has further reported that he has completed his buy of 60,156 shares of the Company at prevailing market price through Stock Exchange as announced earlier.
- will resume on 19.10.2014
Normal trading of the shares of the Company will resume on 19.10.2014 after record date.
- will trade suspended
Trading of the shares of the Company will remain suspended on record date i.e., 16.10.2014.
- Sponsors intention to buy
Dr. Iffat Jahan, one of the Sponsors of the Company, has expressed her intention to buy 100 shares of the Company at prevailing market price through Stock Exchange within October 31, 2014.
- Sponsors intention to sell
Sajjadul Islam Tanvir, Yasir Obaid, and Dr. Iffat Jahan, all are Sponsors of the Company, have expressed their intention to sell 31,906 shares, 7,500 shares and 20,750 shares out of their total holdings of 81,906 shares, 57,500 shares and 1,20,750 shares respectively whereas Md. Nazrul Isalm, one of the Sponsors of the Company, has expressed his intention to buy 60,156 shares of the Company at prevailing market price (In the Block Market) through Stock Exchange within October 31, 2014.
- Spot Market
Trading of the shares of the Company will be allowed only in the Spot Market and Block/Odd lot transactions will also be settled as per Spot settlement cycle with cum benefit from 14.10.2014 to 15.10.2014. Trading of the shares of the Company will remain suspended on record date i.e., 16.10.2014.
- Director share transfer
Bangladesh Securities & Exchange Commission (BSEC) has accorded its consent to transfer 1,50,000 sponsor shares of Fareast Islami Life Insurance Ltd. from Dr. Iffat Jahan Alias Obaid (1,00,000 shares) and Mr. Yasir Obaid (50,000 shares) (the transferors) to Fareast Finance & Investment Limited (transferee/pledgee) outside the trading system of the exchange under the regulation 42(2)(b) of Listing Regulations, 1999 of Dhaka Stock Exchange Ltd.
- Q1
(Q1): As per un-audited quarterly accounts for the 1st quarter ended on 31st March 2014 (Jan'14 to March'14), the Company has reported an increase in life revenue account of Tk. 238.97 million with total life insurance fund of Tk. 25,486.99 million as against Tk. 377.92 million and Tk. 21,182.15 million respectively for the same period of the previous year.
- dividend declaration
The Board of Directors has recommended 40% cash dividend for the year ended on December 31, 2013. Date of AGM: 03.11.2014, Time: 10:30 AM, Venue: Fareast Tower (Level-8), 35 Topkhana Road, Dhaka-1000. Record date: 16.10.2014.
- no price limit
There will be no price limit on the trading of the shares of the Company today (25.09.2014) following its corporate declaration.
- Board Meeting
As per Regulation 30 of DSE Listing Regulations, the Company has informed that a meeting of the Board of Directors will be held on September 24, 2014 at 4:30 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2013.
- The Company has informed that the Board of Directors of the Company has decided to form a subsidiary Company named Farea
The Company has informed that the Board of Directors of the Company has decided to form a subsidiary Company named Fareast Islami Properties Ltd. The details are as follows: Authorized Capital: Tk. 50.00 crore; Paid up Capital: Tk. 10.00 crore; Per Share Value: Tk. 10.00 each; Capital of Fareast Islami Life Insurance Co. Ltd.: 51% (i.e. Tk. 5.10 crore) and Capital of other Sponsors: 49% (i.e. Tk. 4.90 crore).
- The Company has informed that the Board of Directors of the Company has decided to purchase a land measuring area of 33.
The Company has informed that the Board of Directors of the Company has decided to purchase a land measuring area of 33.56 decimals with 4 storied building at 36, Topkhana Road, Ramna, Dhaka-1000 subject to permission of the concerned authority.
- The Company has further informed that the cost price of 33.56 decimals land is Tk. 207,37,60,000.00 (excluding registrat
The Company has further informed that the cost price of 33.56 decimals land is Tk. 207,37,60,000.00 (excluding registration fee and other charges) .
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.