The 26th Annual General Meeting (AGM) of Grameenphone which was held virtually, concluded today.

During the AGM, Grameenphone Board approved a final dividend in cash at the rate of 95% of the paid-up capital, or Tk 9.5 per share of Tk 10 each. With this cash dividend pay-out, the total cash dividend stands at 220% of the paid-up capital, including the previous 125% interim cash dividend pay-out, amounting to 98.72% of Profit after tax for the year 2022, according to a press release.

Grameenphone chair Jorgen C Arentz Rostrup; CEO Yasir Azman attended the AGM, among others, while Company Secretary S M Imdadul Haque conducted it.

“2022 was a milestone year for Grameenphone, as we marked 25 years of providing mobile connectivity for millions of people and businesses across Bangladesh," said Rostrup.

"Despite adverse regulatory and macroeconomic challenges, the Board of Directors is pleased to report that the Company delivered on top-line growth, enabled by network investments, strength in market execution, and greater efficiency from digital transformation and modernisation efforts across the organization,” he said.

“In 2022, as always, our customers continued to be our biggest priority, and we strived to serve their growing needs and deliver better experiences with modernizing efforts and continuous investment. We acquired the maximum allowable 60 MHz spectrum in the auction for the 2600 MHz band and also focused on expanding the network. Despite various challenges, we successfully maintained our network strength and drove constant innovation- introducing e-SIM for the first time in Bangladesh while also further developing our customized product portfolio,” said Yasir.

“Overall, in 2022, we delivered strong financial results and have taken some definitive steps to improve customer experience. We remain committed to creating value in the lives of our customers, stakeholders, and shareholders and hold our place as the preferred digital connectivity partner in Bangladesh,” he added.