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 2020 (22).
- Trading of the shares of the Company will resume on 23.11.2020 after record date.
Trading of the shares of the Company will resume on 23.11.2020 after record date.
- Trading of the shares of the Company will remain suspended on record date i.e., 22.11.2020.
Trading of the shares of the Company will remain suspended on record date i.e., 22.11.2020.
- Trading of the shares of the Company will be allowed only in the Spot Market and Block transactions will also be settled
Trading of the shares of the Company will be allowed only in the Spot Market and Block transactions will also be settled as per Spot settlement cycle with cum benefit from 18.11.2020 to 19.11.2020. Trading of the shares of the Company will remain suspended on record date i.e., 22.11.2020.
- The auditor of the Fareast Islami Life Insurance Co. Ltd has given the "Qualified Opinion"& "Emphasis of Matter" paragra
The auditor of the Fareast Islami Life Insurance Co. Ltd has given the "Qualified Opinion"& "Emphasis of Matter" paragraphs in the Auditor's Report for the year ended on 31 December 2019. In this regard, we may disseminate the following news through our online trading system: Qualified Opinion: Investment: Included in the Investment in share and bonds under Investment in note no. 14 to the financial statements, we could not obtain sufficient and appropriate (cont.1)
- (Continuation news of FAREASTLIF): audit evidence regarding investment of BDT 4, 174.7 million made in previous years. A
(Continuation news of FAREASTLIF): audit evidence regarding investment of BDT 4, 174.7 million made in previous years. Advances, Deposits and Prepayments: Included in the Other Advances in note 17 to the financial statements and being carried forward since long an amount of BDT 951.9 million could not be verified by us due to absence of appropriate supporting evidence. Furthermore, included in the advances for Construction, Land and Land (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of FAREASTLIF): Developments in note no. 17 of the financial statements, we could not verify the purp
(Continuation news of FAREASTLIF): Developments in note no. 17 of the financial statements, we could not verify the purpose of advances recorded in 2018 as an adjustment to investment carried Forward since long. Fixed Assets: We could not obtain sufficient and appropriate audit evidence regarding the origin of the advances made in the prior periods due to absence of necessary records to other entities namely Prime Islami Life Insurance Company Cooperative (cont.3)
The first part of this announcement is missing from the archive. - (Continuation news of FAREASTLIF): Society (PILICCS) (BDT 711.5 million) and Fareast Islami Life Insurance Company Coope
(Continuation news of FAREASTLIF): Society (PILICCS) (BDT 711.5 million) and Fareast Islami Life Insurance Company Cooperative Society (FILICCS) (BDT 1,011.4 million) currently included in the fixed assets in the note 22 of the financial statements as settlement of advances made to above entities. Employee Benefits: The company has not recognized appropriate provisions in accordance with IAS: 19: Employee Benefit for the its defined employee benefit plans, (cont.4)
The first part of this announcement is missing from the archive. - (Continuation news of FAREASTLIF): as disclosed in note no. 3.11.2 to the financial statements the management has decide
(Continuation news of FAREASTLIF): as disclosed in note no. 3.11.2 to the financial statements the management has decided to recognize the obligation of benefit plans on cash basis. Emphasis of Matter: We draw attention to the note no. 22.B of the financial statements which describes the recognition of fixed assets on fair value. The company has not recognized any depreciation on the revalued amount of fixed assets. (cont.5)
The first part of this announcement is missing from the archive. - (Continuation news of FAREASTLIF): Furthermore, we draw attention to note no. 14.01 of the financial statements, which d
(Continuation news of FAREASTLIF): Furthermore, we draw attention to note no. 14.01 of the financial statements, which describes the recoverability of interest income and principal outstanding on bonds. The company has decided not to impair the investment in bonds of Banglalion Communications and PFI Securities in accordance in light of the legal opinion. (cont.6)
The first part of this announcement is missing from the archive. - (Continuation news of FAREASTLIF): Furthermore, we draw attention to note. 3.13 to the financial statements, which descr
(Continuation news of FAREASTLIF): Furthermore, we draw attention to note. 3.13 to the financial statements, which describes the various investments made to related parties. The company has obtained approval of such investment in the board meeting of the company. Our opinion is not modified in these regards. (end)
The first part of this announcement is missing from the archive. - The Board of Directors has recommended 10% cash dividend for the year ended on December 31, 2019. Date of AGM: 15.12.202
The Board of Directors has recommended 10% cash dividend for the year ended on December 31, 2019. Date of AGM: 15.12.2020, Time: 10:30 AM, Venue: Digital Platform. Record Date: 22.11.2020.
- There will be no price limit on the trading of the shares of the Company today (02.11.2020) following its corporate decl
There will be no price limit on the trading of the shares of the Company today (02.11.2020) following its corporate declaration, however, as per the BSEC Order No. BSEC/CMRRCD/2001-07/04 dated March 19, 2020, the floor price shall be applicable accordingly.
- (Q2 Un-audited): Decrease in consolidated life revenue account for Apr-June, 2020 was Tk. 42.86 million with consolidate
(Q2 Un-audited): Decrease in consolidated life revenue account for Apr-June, 2020 was Tk. 42.86 million with consolidated total life insurance fund of Tk. 32,768.66 million as against increase in Tk. 1,546.53 million and Tk. 33,986.28 million respectively for the same period of the previous year. (cont.)
- (Continuing of FAREASTLIF): Decrease in consolidated life revenue account for Jan-June, 2020 was Tk. 921.70 million with
(Continuing of FAREASTLIF): Decrease in consolidated life revenue account for Jan-June, 2020 was Tk. 921.70 million with consolidated total life insurance fund of Tk. 32,768.65 million as against increase in Tk. 657.02 million and Tk. 33,986.28 million respectively for the same period of the previous year. (end)
The first part of this announcement is missing from the archive. - (Q3 Un-audited): Increase in consolidated life revenue account for July-September, 2020 was Tk. 316.00 million as agains
(Q3 Un-audited): Increase in consolidated life revenue account for July-September, 2020 was Tk. 316.00 million as against decrease in Tk. 1,289.09 million for July-September, 2019. Whereas decrease in consolidated life revenue account for Jan- September, 2020 was Tk. 605.70 million with consolidated total life insurance fund of Tk. 33,084.66 million as against decrease Tk. 632.07 million and Tk. 32,697.19 million respectively for the same period of the previous year.
- (Q1 Un-audited): Decrease in consolidated life revenue account for Jan-Mar, 2020 was Tk. 878.84 million with consolidate
(Q1 Un-audited): Decrease in consolidated life revenue account for Jan-Mar, 2020 was Tk. 878.84 million with consolidated total life insurance fund of Tk. 32,811.52 million as against decrease in consolidated life revenue account of Tk. 889.51 million and Tk. 32,439.75 million respectively for the same period of the previous year.
- As per Regulation 19(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has further informed that a
As per Regulation 19(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has further informed that a meeting of the Board of Directors will be held on November 01, 2020 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2019.
- The Company has further informed that meeting of the Board of Directors of the Company as per Regulation 16(1) of the Dh
The Company has further informed that meeting of the Board of Directors of the Company as per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, will now be held on November 01, 2020 at 3:00 PM respectively to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on March 31, 2020, Second Quarter (Q2) period ended on June 30, 2020 and Third Quarter (Q3) period ended on September 30, 2020.
- The Company has further informed that, due to unavoidable circumstances, the Board meeting as per LR 19(1), scheduled to
The Company has further informed that, due to unavoidable circumstances, the Board meeting as per LR 19(1), scheduled to be held on October 04, 2020 at 2:30 PM, to consider, among others, audited financial statements of the Company for the year ended on December 31, 2019, has been postponed. New date and time of the meeting will be notified later on.
- The Company has further informed that due to unavoidable circumstances, the meeting scheduled to be held on October 04,
The Company has further informed that due to unavoidable circumstances, the meeting scheduled to be held on October 04, 2020 at 2:30 PM as per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on March 31, 2020 and Second Quarter (Q2) period ended on June 30, 2020, has been postponed. New date and time of the meeting will be notified later on.
- As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting
As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on October 04, 2020 at 2:30 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on March 31, 2020 and Second Quarter (Q2) period ended on June 30, 2020.
- As per Regulation 19(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting
As per Regulation 19(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on October 04, 2020 at 2:30 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2019.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.