[Dhaka, May 02, 2024] The 27th Annual General Meeting (AGM) of Grameenphone Ltd. has concluded successfully. In alignment with the guidelines laid out by the Bangladesh Securities and Exchange Commission, Grameenphone held its AGM virtually over a digital platform, ensuring seamless and meaningful engagement of our shareholders, which is vital to the company’s collective growth and prosperity.
Håkon Bruaset Kjøl, Chair of Grameenphone Board; Yasir Azman, Chief Executive Officer (CEO) of Grameenphone, and other Board members and senior officials of the company attended the AGM.
Håkon Bruaset Kjøl, Chair of Grameenphone Board, said “Grameenphone navigated 2023 by prioritising customer-centric digitalisation and catering to people’s increasingly digital lives. The Company has also made good progress on its ambition to become a future-ready telco-tech Company. Despite the challenges posed by the macroeconomic environment, the Company continued to have good growth momentum in 2023 in both EBITDA and revenue, achieving positive top-line growth. This was made possible by a steadfast focus on modernisation and investment into building a future-ready network. Additionally, Grameenphone also leveraged advanced digital capabilities and simplified its product portfolio and implemented other measures to ensure a superior customer experience.”
“Looking ahead, Grameenphone will continue to invest in its technology and digital capabilities to become a telco-tech Company enabling a digitally connected society and supporting the government’s vision of becoming a Smart Bangladesh by 2041. Grameenphone remains committed to its purpose of empowering society through the connectivity and digital access. Upholding its core value of innovation, sustainability and socio-economic development, the Company remains is resolute in creating a thriving, future-fit and inclusive digital future for all in Bangladesh,” he added.
Yasir Azman, CEO, Grameenphone, said, “In 2023, Grameenphone experienced a transformative year, marked by significant initiatives that propelled the company's digital uplift. As always, our customers continued to be our biggest priority, and we strived to serve their growing needs and deliver better experiences with expansion, modernizing efforts, and continuous investment. Despite challenges such as macroeconomic conditions and global conflicts, Grameenphone navigated through disruptions and import challenges, executing strategic plans with the support of its team, regulators, and financial institutions. Grameenphone also digitalized services for both customers and retailers and also introduced advanced products and IoT solutions, contributing to a smarter ecosystem. Our commitment goes beyond just infrastructure. We are working passionately on upskilling the youth, reducing carbon dioxide footprint, driving digital inclusion, addressing gender gaps, and contributing to the country's social and economic progress. Grameenphone's commitment to sustainability was recognized by Bloomberg, further highlighting its dedication to creating a smart future for a Smart Bangladesh. As we embrace smart devices, AI, and connectivity, the time is now for us to embark on a journey toward a safer, healthier, and happier lifestyle.”
During the AGM for 2023, the Board of Directors of Grameenphone Ltd. has approved a final dividend in cash at the rate of 125% of the paid-up capital, or BDT 12.5 per share of BDT 10 each, representing 51.03% of Profit After Tax for the year 2023.
To read the full annual report, visit: https://www.grameenphone.com/about/investor-relations/ir-annual-report/annual-report-2023
