The Phoenix Insurance Company Ltd (Mirpur Branch)

The Phoenix Insurance Company Ltd, one of the first generation leading general insurance companies in Bangladesh embarked on its journey on November 27, 1986. Mr. Dean Mohammad, Chairman of the Phoenix Group in association with Maj. Gen. (Retd) Abdul Mannan Siddiqui who was the founder chairman along with a group of entrepreneurs founded the company with a paid-up capital of Tk 30 million. The Company, headquartered in Dhaka, began operation in most parts of the country after obtaining certificate on December 1, 1986 and being registered with the department of insurance on December 4, the same year. The company first announced first dividend for its shareholders on April 21, 1990 and issued prospectus for public floatation of shares on July 28, 1994. Under the Insurance act of 1938 with the slogan ‘Service for Security’ the Company was listed in Dhaka Stock Exchange Ltd (DSE) on December 4, 1994 and the next day, launched trading of shares in the DSE. The shares of first trading were valued at Taka 440 each. The first AGM of the company took place at the Sonargaon Hotel Dhaka on October 25, 1995 where all the sponsors, directors, shareholders, employees, clients, members of regulatory bodies were present. The company issued first bonus share on July 1, 2003 and signed agreement with CDBL on December 22, 2004. It started de-mat settlement on January 15, 2005.