মুজিব বর্ষ   মুজিববর্ষের অঙ্গীকার ,বীমা হোক সবার      
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Eastland the name you have learnt to trust. We are well equipped with latest technology and a team of astute and experienced personnel to meet your all insurance needs; such as Fire, Industrial All Risk, Marine Cargo, Marine Hull, Motor, Engineering, Aviation, Personal Accident, Overseas Mediclaim Insurance and Miscellaneous Risks.
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Notice
(Q3 Un-audited): EPS was Tk. 0.37 for July-September 2019 as against Tk. 0.17 for July-September, 2018; EPS was Tk. 1.31 for January-September 2019 as against Tk. 1.10 for January-September 2018. NOCFPS was Tk. 0.45 for January-September 2019 as against Tk. 0.41 for January-September 2018. NAV per share was Tk. 21.90 as on September 30, 2019 and Tk. 21.12 as on December 31, 2018.




Credit Rating AA+ : Credit Rating Information and Services Limited (CRISL) has announced CPA Credit Rating (surveillance) 2019-2020 of the Company "AA+" along with a stable outlook in consideration of audited financial statement of the Company December 31, 2018 also un-audited financial statement up to 30th June 2019 and other relevant quantitative. Rating "AA+" indicates very high claim paying ability (CPA), sound financial & technical performance and sound solvency position.




Stock dividend for the year ended on December 31, 2018 has been credited to the respective shareholders' BO accounts on July 14, 2019. The payment of cash dividend and the sale proceeds of the fraction bonus shares will be distributed within the stipulated time.




(Q2 Un-audited): EPS was Tk. 0.48 for April-June 2019 as against Tk. 0.48 for April-June 2018; EPS was Tk. 0.94 for January-June 2019 as against Tk. 0.92 for January-June 2018. NOCFPS was Tk. 0.25 for January-June 2019 as against Tk. 0.24 for January-June 2018. NAV per share was Tk. 21.13 as on June 30, 2019 and Tk. 19.77 as on June 30, 2018.




(Q1 Un-audited): EPS was Tk. 0.49 for January-March 2019 as against Tk. 0.46 for January-March 2018. NOCFPS was Tk. 0.18 for January-March 2019 as against Tk. 0.21 for January-March 2018. NAV per share was Tk. 22.66 as on March 31, 2019 and Tk. 22.18 as on December 31, 2018.




ICMAB BEST CORPORATE AWARD-2015: Eastland Insurance Company Limited has been awarded best corporate award 2015 in non-life insurance sector by the Institute of Cost and Management Accountants of Bangladesh (ICMAB)

Mr. Arun Kumar Saha, Managing Director received the award from Mr. Abul Mal Abdul Muhith, Honble Minister, Ministry of Finance at a function at Dhaka on 26th October, 2016.

ICMAB identified best of the best after due consideration to many quantitative and qualitative factors in general and sector wise in particular and evaluated a company under the measurement of internationally and widely used standards.

The Managing Director of the Company said that Eastland maintained the maximum level of transparency, accountability and good governance during the period which helped it to get such an award.

The Managing Director thanked all members of ICMAB Best Corporate Award Committee for selecting Eastland Insurance Company as one of the recipients of this prestigious award and shared this achievement with valued clients, shareholders, members of the Board and the employees of the company.




EICL-Citizen Charter
   
The Board of Eastland Insurance consists of Eighteen Directors, among them, Eight are sponsors, Eight are from Shareholders and remaining two are independent.

Mr. Mahbubur Rahman
Chairman
Mr. MAHBUBUR RAHMAN (1942) an eminent personality widely known in the Business Arena at home and abroad is the Chairman of the Board of Eastland Insurance Company Limited.

Mr. Rahman is the President of International Chamber of Commerce (ICC) - Bangladesh, The world business organization (Estd. in Paris ;1919) having its presence in 130 countries around the world.

Mr. Rahman is the Chairman & CEO of ETBL Holdings Limited (Estd. 1962)- a conglomerate of 7 (Seven) wholly owned commercial & industrial affiliates and stake holders of 4 (Four) PLCs. He is the Founder Chairman of Eastland Insurance Co. Ltd.(plc) (Estd. 1986), Bangladesh International Arbitration Centre (BIAC) - The Institution for Alternative Dispute Resolution (2004) and International Publications Limited (Publishers of The Financial Express - The National English Financial Daily, (1993).

Currently, Mr. Rahman is the Chairman of Business Advisory Council (EBAC) of UN-ESCAP (United Nations Economic & Social Commission for Asia & the Pacific); He is the Sole Arbitrator in Bangladesh for The China International Economic and Trade Arbitration Commission (CIETAC) ; Vice Chairman of Bangladesh Foreign Trade Institute (BFTI), Member of the Board of Governors of Institute of Business Administration (IBA) of the University of Dhaka, Founder Member of the Independent University Bangladesh (IUB) and a Director in the Board of Karnaphuli Fertilizer Co. Ltd. (KAFCO)- a multinational company comprising Bangladesh, Japan, Denmark & The Netherlands.

Mr. Rahman was the President of the Federation of Bangladesh Chambers of Commerce & Industry (FBCCI) -- The Apex National Chamber of Bangladesh (1992-1994), The Dhaka Chamber of Commerce & Industry (DCCI) -- The premier Chamber of the country (1985-86 and 1991-92), Founder Vice President (1993-95) of 8-Nation SAARC Chamber of Commerce and Vice President (West Asia) of 57-nation Islamic Chamber of Commerce in 1993-95.

During 1972-79, Mr. Rahman represented Government of Sri Lanka in Bangladesh before Colombo setup its Diplomatic Mission in Dhaka. He was a Sponsor Director and Chairman of National Bank Limited (plc), (Estd. 1983) Former Board Member of BIMAN-Bangladesh Airlines (National Carrier of Bangladesh), The Dhaka Stock Exchange and Member of the Board of Governors of Bangladesh Open University (BOU). He was a Member of the Board of Governors of ICC HQs. during 1997-99.

Mr. Rahman was awarded The Lifetime Achievement Award in 2012, by the "DHL-The Daily Star" sponsored most prestigious 'Bangladesh Business Award'.

Mr. Rahman was honoured as a Presidential Friend of Indonesia in 2012 at its 67th Independence Day in Jakarta by the President His Excellency Mr. Susilo Bambang Yodyono of Indonesia.

Mr. Rahman has been honoured by The Daily Star as an Eminent personality for Lifetime Contribution to Nation-Building, in 2016.

He hosted several International Business & Economic Events in Dhaka attended by Heads of Governments as well as Multi-lateral Agencies & led many Trade & Investment Delegations to a number of overseas destinations including Leading a few Business Delegations as entourages of the President/Prime Minister of Bangladesh.

Mrs. Hameeda Rahman
Mrs. Hameeda Rahman is the Director of the Board of Eastland Insurance Company Limited. She is also the Director of ETBL Holdings Limited, Eastern Trading (Bangladesh) Limited, ETBL Development & Construction Limited, ETBL Securities & Exchange Limited, Progressive Investment Limited and Century Cold Storage Limited. She is a leading woman entrepreneur of the country working since long with different trade bodies for the empowerment of women.

Mr. Kamaluddin Ahmed
Mr. Kamal Uddin Ahmed is a Director of the company. He was the former First Vice President of Fedaration of Bangladesh Chamber of Commerce & Industry (FBCCI) and former Chairman of the Social Islami Bank Limited. He is the Chairman of ‘Alif Group of Companies’, a well-reputed business house of the country, which has business interests in bulk commodities, properties & real estates, insurance, agro processing and services. He is also the Director of Holy Crescent Hospital (Pvt.) Ltd.

Mr. Ahmed was the past President of Chittagong Chamber of Commerce & Industry (CCCI) and Director of Chittagong Stock Exchange Limited (CSE).

As a part of social commitment, Mr. Ahmed is involved with many social & cultural organizations such as Lions Club, Diabetic Hospital etc.

Alhaj Mohd. Arshad Ali
Alhaj Mohd. Arshad Ali is the Director of the board of Eastland Insurance Company Limited. He hails from a respectable Muslim family in Munshigonj. He is also the Chairman of Dhaka Ink Company Limited and Managing Director of the Merchants Limited, Elite Printing & Packages Limited. He is also the Director of New Zealand Dairy Products Bangladesh Limited. Alhaj Mohd. Arshad Ali is prominently known in the printing and packaging sector. He is the member of Dhaka Club, Uttara Club, Chittagong Club Limited. and associated with a host of social organizations.

Mr. A. S. M Quasem
Mr. A. S. M Quasem is the Director of the Board of Eastland Insurance Co. Ltd. Mr.Quasem is chairman of Newage Group of Companies and a prominent industrialist engaged in the apparel and garments export sector. Born in 1942, he graduated in Mechanical Engineering from BUET in 1963. He founded Newage Garments Ltd, the first company in Newage Group in 1984. Since then the group kept on expanding and now consists of three garment manufacturing units, one composite Knit Textile mill and a modern button manufacturing plant. The group currently has over 8000 employees and one of the leading export houses of Bangladesh. Mr. Quasem is also a sponsor Director of Credit Rating Agency of Bangladesh Ltd.

Mr. Quasem takes an active interest in trade politics. He served as President of Bangladesh Employers Federation in 1999-2000, President of Dhaka Chamber of Commerce and Industry in 1997 and as Vice President of ICC-Bangladesh for several terms He was the founder Chairman of BIMST-EC Business Forum (1998-2000), a regional forum of business communities of Bangladesh, India, Myanmar, Sri Lanka and Thailand.

Mr.Quasem has traveled extensively and participated in many international conferences, seminars and workshops. He is on the active list of International and National Consultants of the International Trade Centre (ITC), a UN organization affiliated with the UNCTAD and WTO that took him as an ITC consultant to Malawi and Mozambique in Africa and to Cuba and Bolivia in Central and South America. He also carried out a number of assignments in his home base in Bangladesh as ITC s National Consultant.

Keeping in mind the need for social development, Mr. Quasem created Gulshanara Razzaque Welfare Foundation and engages himself as its Managing Trustee. The Foundation works in the area of education and health care development of the less privileged section of the society through operation of a free primary school that has ap enrollment of about 600 students in Dhaka and a 30 bed fully equipped General Hospital in Dohar. He is also a member of the Board of Trustees of RADDA MCH-FP Centre, a well reputed large NGO that operates in the Mirpur area providing health care services in the field of mother and child care and family planning.

Mr.A.S.M Quasem currently member of Dhaka Club Ltd. &, Kurmitola Golf Club Ltd.

Mr. Rizwan-ur Rahman
Mr. Rizwan-ur Rahman is the Director of the Board of Eastland Insurance Company Limited. He is the President of Dhaka Chamber of Commerce and Industry (DCCI) for 2021. Besides he is the Managing Director of ETBL Holdings Limited, ETBL Securities & Exchange Limited., ETBL Development & Construction Limited, Eastern Trading (Bangladesh) Limited and Srijon Designers Limited.

He is also the Director of Progressive Investment Limited, Century Cold Storage Limited, International Publications Limited. (The Financial Express).

He is the Member of International Chamber of Commerce - Bangladesh (ICCB), Former Director of Bangladesh Chamber of Industries (BCI), Former Vice President of Dutch-Bangla Chamber of Commerce and Industry (DBCCI) and Secretary General of Anjuman Ara-Mujeebur Foundation.

Mr. Saiful Islam
Mr. Saiful Islam, MBA is one of the Directors of Eastland Insurance Company Ltd. He is the eldest son of Late M. Nurul Islam & Ms. Suraiya Begum. Mr. Saiful Islam is the Chairman of Islam & Company Ltd., Managing Director of NISI Green Fields Ltd. and ECO Oil Products Ltd. Mr. Saiful is also the Director of DAPHA Feed & Agro Products Ltd. He is a young, emerging & pioneer business personality of Chattogram.

Mr. Sanjidur Rahman
Mr. Sanjidur Rahman is the Director of the Board of Eastland Insurance Company Limited. He is the Managing Director of Chandpur Jute Balers Limited & Eastern Overseas Limited. He hails from a respected Muslim family. He has wide range of business expertise in the area of Jute and jute products. He is also involved with different charitable and social welfare organization.

Mr. Md. Tanvir Khan
Mr. Md. Tanvir Khan, a young industrial entrepreneur, is the Director of the Board of Eastland Insurance Company Limited. After obtaining Master of Business Administration Degree from the University of Toronto, Canada he is leading as Managing Director of J.K. Group of Industries, engaged in the field of textile, readymade garments, spinning mills and deep sea fishing business. The corporate house also operates an 80 bed nonprofit ‘making hospital in Chattogram, called J.K. Memorial Hospital.

Mr.Tanvir Khan sits on the board of BPCCI (Bangladesh Philippines Chamber of Commerce and Industry) and is member of Executive committee of Chattogram Samity-Dhaka, Savar Golf Club, Dhaka Boat Club, BGMEA Apparel Club and Gulshan Club. He was honoured as CIP (Commercial Important Person) for the year 2013 to 2017 by Govt. of Bangladesh and Highest Tax Payer below Forty years age group for the Assessment year 2016-17 by National Board of Revenue.

Mrs. Taslima Akhtar
Mrs. Taslima Akhtar is the Director of the Board of Eastland Insurance Company Limited. She hails from a respected Muslim family. She is also the Director of Union Fisheries. She was a Director of Social Islami Bank Limited. She has a wide range of experience in the field of trade, commerce & business and also engaged in different social organization.

Mrs. Monira Yeasmin
Mrs. Monira Yeasmin is the Director of the Board of Eastland Insurance Company Limited. She is also the Director of Monico Plastic Industry, Heera Jewelers Limited and Century Cold Storage Limited. She is an emerging woman entrepreneur of the country with involvement in different charitable organization & social welfare activities.

Mrs. Tahmina Ahmed
Mrs. Tahmina Ahmed is the Director of the Board of Eastland Insurance Company Limited. She hails from a respectable Muslim family in Dhaka. She is involved in business since long and has wide range of expertise in trade, commerce & business. She is a pioneer woman entrepreneur of the country.

Dr. Shegufta Mahbub
Dr. Shegufta Mahbub is Director of Eastland Insurance Co. Ltd. She obtained a PhD in Immunology from University College London. She is a Director of ETBL Holdings Ltd., ETBL Securities & Exchange Ltd. and a Trustee of Anjuman Ara-Mujeeb Foundation.

Mr. Zahidul Kabir
Mr. Zahidul Kabir is one the Directors of Eastland Insurance Company Limited. He is the son of late A. K. M. Humayun Kabir, a leading business personalities of the country. Mr. Zahidul Kabir graduated from RMIT University of Australia in Business Information Systems. He is pioneer in the area of Business Information System & contributing in his area for last 2 decades.

Ms. Roushan Ara Ali
Mrs. Roushan Ara Ali is the Director of the Board of Eastland Insurance Company Ltd. She is also the Chairperson of “The Merchants Ltd.” a flexible Packaging Industry and Director of Elite Printing and Packages Ltd. She hails from respectable Muslim family in Dhaka. She is contributing for last two decades in developing the printing & packaging industries of the country. She is a pioneer woman entrepreneur engaged with different social development activities since long.

Mr. Md. Shamimul Islam
Mr. Shamimul Islam is one of the Director of Eastland Insurance Company Ltd. He is the youngest son of Late M. Nurul Islam & Ms. Suraiya Begum. Mr. Shamimul Islam is the Director of Islam & Company Ltd., Managing Director of DAPHA Feed & Agro Products Ltd. Director of NISI Green Fields Ltd. and ECO Oil Products Ltd. He is also Proprietor of NISI Green Hatchery. He is a young, emerging & pioneer business personality of Chattogram.

Mr. Mahbub Jamil
Mr. Mahbub Jamil is one of the Independent Director of the Board of Eastland Insurance Company Ltd. Mr. Jamil completed Masters in Sociology and Journalism from the University of Dhaka. During his professional career Mr. Mahbub Jamil presently has been an Advisor of the Board of Robi Axiata Ltd. Chairman of ICE Technologies Ltd. and Trustee, Biswa Shahittya Kendro ,(World Literature Centre ).

Mr. Mahbub Jamil was the Managing Director and CEO of Singer Bangladesh Limited since 1984 and had been its Chairman of the Board since October 1987. He was also the Senior Vice President of Singer Asia, HQ in Hongkong. Mr. Jamil is the former special Assistant (Cabinet Minister) to the Chief Advisor Caretaker Government (2008) in-charge of three Ministries of Civil Aviation & Tourism, Industries, Youth & Sports. He had been the Chairman of the Board at International Leasing and Financial Services Ltd. and Chairman of Electrical Services & System Ltd. He was also President of the Foreign Investors Chamber of Commerce & Industry (FICCI), President, Metropolitan Chamber of Commerce & Industry (MCCI) and Executive Board Member, International Chamber of Commerce-Bangladesh (ICC-B).

Mr. Muhammad A. (Rumee) Ali
Eastland Insurance Company Ltd. Appointed Mr. Muhammad A. (Rumee) Ali as one of its Independent Director at Company’s 30th Annual General Meeting held on 24th of May 2017.

After completing Masters in Economics from University of Dhaka Rumee Ali joined ANZ Grindlays Bank in 1975. During his career with ANZ Bank, he worked in India, UK and Australia. In 1997 he was appointed as CEO of the Bank’s operation in Bangladesh and in 2000 he was appointed The CEO of the combined operation of the merged ANZ Grindlays and Standard Chartered Bank. In 2002 Mr. Ali joined Bangladesh Bank as Deputy Governor and was responsible for supervision and driving the regulatory reforms in Banking sector, specially in risk management and corporate governance areas. During this period he was also Chairman of the National Task Force on Anti Money Laundering and National Committee for Implementation of Basel-II. National Advisory Committee of Small and Medium Enterprises and Sub-Committee on UN Conventions on Anti-Terrorism are some of the other national forums he participated in. Mr. Ali also served on the Governing Board of PKSF for a number of years and was a member of the Chamber Committee of the Metropolitan Chamber of Commerce and Industry (MCCI).

From January, 2007 to December, 2013 Mr. Rumee Ali served as the Managing Director, Enterprises and Investments at BRAC and from January, 2014 to December, 2015 as advisor to the Interim Executive Director, BRAC. During this period he served as a member of the Board BRAC and BRAC International. Among the international institutional bodies, he was appointed to the Board of Alliance for Bangladesh workers Safety (ABWS) (USA) and the Global Alliance for Banking on Values (GAB) The (Netherland). He was the Vice Chairman of Bangladesh Association of Banks and Bangladesh Employers Federation. He was Chairman of BRAC Bank Ltd. From January, 2009 to December, 2015 and was the founding Chairman of bKash Ltd, the largest Mobile financial service company in Bangladesh.
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