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Notice
(Q2 Un-audited): EPS was Tk. 0.54 for April-June, 2017 as against Tk. 0.28 for April-June, 2016; EPS was Tk. 1.02 for January-June, 2017 as against Tk. 0.58 for January-June, 2016. NOCFPS was Tk. 0.22 for January-June, 2017 as against Tk. 0.11 for January-June, 2016. NAV per share was Tk. 22.78 as of June 30, 2017 and Tk. 20.43 as of June 30, 2016.




The Cash Dividend (including sale proceeds of fractional bonus share) for the year ended December 31, 2016 has been credited to the respective shareholders' Bank Accounts on June 18, 2017 through BEFTN . The remaining un-remitted cash dividend will be dispatched through dividend warrant to the respective shareholders' address.




The bonus shares for the year ended December 31, 2016 has been credited on June 12, 2017 through Central Depository System to the respective shareholders' BO Accounts.




(Q1 Un-audited): EPS was Tk. 0.51 for January-March, 2017 as against Tk. 0.31 for January-March, 2016. NOCFPS was Tk. 0.21 for January-March, 2017 as against Tk. 0.09 for January-March, 2016. NAV per share was Tk. 25.42 as of March 31, 2017 and Tk. 24.36 as of December 31, 2016.




CRIS upgraded the "Credit Rating" of Eastland Insurance to "AA+" outlook stable on its Audited Financial Statements for the year 2016. Rating "AA+" indicates very high claims paying ability (CPA) with strong protection factors supported by good financial performance and sound solvency position.




The Board of Directors has recommended 10% cash and 5% stock dividend for the year ended on December 31, 2016. Date of AGM: 24.05.2017, Time: 3:00 PM, Venue: Spectra Convention Centre Limited, House No: 19, Road No: 7, Gulshan-1, Dhaka-1212. Record date: 08.05.2017. Comparative key Financial Indicators are EPS of Tk. 1.98, NAV per share of Tk. 24.36 and NOCFPS of Tk. 0.90 for the year ended on December 31, 2016 as against Tk. 1.84, Tk. 22.47 and Tk. 1.00 respectively for the same period of the previous year.




(Q3 Un-audited): EPS was Tk. 0.13 for July-September, 2016 as against Tk. 0.06 for July-September, 2015; EPS was Tk. 0.74 for January-September, 2016 as against Tk. 1.18 for January-September, 2015. NOCFPS was Tk. 0.15 for January-September, 2016 as against Tk. 0.34 for January-September, 2015. NAV per share was Tk. 23.02 as of September 30, 2016 and Tk. 22.47 as of December 31, 2015.




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, Hon’ble 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.




Citizen Charter
   
The Board of Eastland Insurance consists of sixteen Directors, among them, nine are sponsors, five 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.

Mr. Moazzem Hossain
Mr. Moazzem Hossain is the Director of the Board of Eastland Insurance Company Limited. He is also the Director of Rahman enterprise Limited, Holy Crescent Hospital Limited and Hotel Saymen Limited Cox’s bazar. He is a member of Chittagong Club and widely known for his involvement in social 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.

Mr. Sanjidur Rahman
Mr. Sanjidur Rahman is the Director of the board of Eastland Insurance Company Limited. He is also the Managing Director of Chandpur Jute balers Limited & Eastern overseas limited.

Mrs. Taslima Akhtar
Mrs. Taslima Akhtar is the Director of the board of Eastland Insurance Company Limited. She is also the Director of union fisheries. She is a former Director of Social Islami bank Limited.

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.

Mr. Rizwan-ur Rahman
Mr. Rizwan-ur Rahman is the Director of the board of Eastland Insurance Company Limited. He is the Managing Director of ETBL Holdings Limited and ETBL Securities & Exchange Limited. He is also the Director of ETBL Development & Construction Limited, ETBL Technologies Limited, Eastern Trading (Bangladesh) Limited, Progressive Investment Limited, International Publications Limited (Publishers: The Financial Express), the Dhaka Chamber of Commerce and Industry (DCCI). He is the member of International Chamber of Commerce (ICC) Bangladesh, Dutch-Bangla Chamber of Commerce and Industry (DBCCI), Dhaka Stock Exchange (DSE) and Founder Director of Bangladesh-Philippines Chamber of Commerce & Industry (BPCCI).

Mr. M. NurulIslam
Mr. M. Nurul Islam is the Director of the board of Eastland Insurance Company Limited. He is the Chairman of M/s Islam & Company Limited, ECO Oil Products Limited and Nishi Green Fields Limited. He was also one of the sponsor Directors of leading private sector bank, the National bank Limited.

Mrs. Hasina Ahmed
Mrs. Hasina Ahmed is the Director of the board of Eastland Insurance Company Limited. She is also associated with number of social organizations. She is a popular personality in the cultural sector.

Mrs. Kamrun Ness
Mrs. Kamrun Nessa is the Director of the board of Eastland Insurance Company Limited. She is also the Director of Century Cold Storage Limited.

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. NasiruddinAhmed
Mr. Nasiruddin Ahmed is the Director of the board of Eastland Insurance Company Limited. Mr. Nasiruddin Ahmed is a retired marketing specialist having fifty years of experience in the field. He was one of the top executives of Mitsui & Co. a Japanese firm which was a prominent business house during Pakistan era.

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.

Dr. Mohammad Ali Taslim
Dr. Mohammad Ali Taslim is the Independent Director of the board of Directors of Eastland Insurance Company Limited. He is a Professor of the Department of economics, university of Dhaka. He is also the former Chairman of Bangladesh Tariff Commission.

He obtained B.A. (Honours) from university of Dhaka, M.A. (Lake Head Canada) & PhD from Latrobe, Australia. Visiting professor, Australian National university and, Rutgers university. Dr. Mohammad Ali Taslim is also the Author of a large number of International Journals, articles, books, Chapter in books and Monographs.

Mr. Muhammad A. (Rumee) Ali
Mr. Muhammad A. (Rumee) Ali is the Independent Director of the Board of Directors of Eastland Insurance Company Ltd. Mr. Rumee Ali, after completing Masters in Economics from University of Dhaka joined ANZ Grindlays Bank in 1975. During his career with ANZ Bank, Mr. Ali worked in India, UK and Australia. In 1997 he was appointed as CEO of the Bank’s operation in Bangladesh.

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 Mr. Ali was also Chairman of the National Task Force on Anti Money Laundering and National Committee for Implementation of Basle-II and was a member of Nationalized Commercial Bank’s working group, National Advisory Committee of Small and Medium Enterprises, Sub- Committee on Small and Medium Enterprises. Sub- Committee on UN Conventions on Anti-Terrorism. Mr. Ali also served in the Governing Board of PKSF for a numbers of years.

From January, 2007 to December, 2013 Mr. Rumee Ali served as Managing Director, Enterprises and Investments at BRAC and from January, 2014 to December, 2015 as advisor to the Interior Executive Director, BRAC. During this period he also served as a member of the Board BRAC & BRAC International. He was the Vice Chairman of Bankers Association of Bangladesh and Employers Federation. He was Chairman of BRAC Bank Ltd. from July, 2008 to March, 2013. Mr. Ali was the founding Chairman of bkash Ltd.
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