Padma Oil Company Limited approved 50 per cent dividend for the fiscal year ended on June 30, 2005. The dividend was approved in the company's 36th annual general meeting (AGM), held recently at its main installation in the port-city of Chittagong. The AGM was presided over by Padma Oil board of directors Chairman and Ministry of Power, Energy and Mineral Resources Additional Secretary Sheikh Khurshid Alam. Among other directors, Ministry of Finance Additional Secretary Md Abdul Majid, AFM Ishak and Md Mijanur Rahman, along with Padma Oil Managing Director M Masudur Rahman and Company Secretary M Mahfujul Hoque were also present on the occasion.
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