Assalamu Alaikum Wa-rahmatullah.
It's a befitting opportunity for me to present a brief account of our performance during 2012 by expressing my heartiest gratitude to our valued shareholders. I welcome you on this 13th Annual General Meeting of the company. I am indebted to you all for the trust and confidence you have placed on us to manage the business of the company with a high degree of business excellence.Respected Shareholders,
The Board of Directors of Padma Islami Life consists of successful personalities in respective area of trade, commerce and industry of the country. It may be mentioned here that under the proactive guidelines, policy direction and monitoring of the Board, management conducts its operations.
The Company also has a Shariah Council consisting of Prominent Fuquah Economists, Lawyers and Bankers to advise and guide the Board and the Management on Shariah matters relating to the operations.
Looking forward, ensuring highest policyholders care, Shariah compliance and maintaining competitive premium rates will be the thrust of future. I believe the gains made over the past years will be instrumental for superior positioning of the Company in the future. Our strategy will add to our strength by focusing on areas where we have an advantage today and where we can grow faster than our competitors in the days ahead.
Sincere thanks and heartfelt gratitude are due to our respected Shareholders, valued Policyholders, patrons and well-wishers for their continued wholehearted supports and advices in all our development programs. We should like to pay our special thanks and gratitude to the Government Agencies, Insurance Development and Regulatory Authority (IDRA), Bangladesh Securities and Exchange Commission, Office of the Registrar of Joint Stock Companies and Firms, Dhaka and Chittagong Stock Exchanges for their co-operation and support for the development of the Company. The Management is expressing its sincere thanks and gratitude to the honorable Members of the Board of Directors for their prudent policy guidelines in achieving the Company's cherished goals. Thanks to my colleagues of all levels for their sincere efforts in uplifting the Company's image by rendering distinctive services to our valued clients.
We believe that it will be possible to continue impression upon stakeholders by achieving our goals for the coming years.
May Allah help us, Ameen.
Dr. Chowdhury Mohammad Wasiuddin
Managing Director & CEO