Kota Kinabalu: State insurance arm, Progressive Insurance Berhad (PIB), paid a RM6.1 million dividend to the State Government in a brief ceremony at its head office in Menara Cosway, here, Tuesday.
Its Chairman Tan Sri Sukarti Wakiman presented the mock cheque to Chief Minister Datuk Seri Hajiji Noor.
PIB declared the sum as a single-tier dividend of RM6.18 million at 7.1 sen for each ordinary share in respect of the financial year ending December 31, 2021.
The dividend represents a Return on Capital Employed (ROCE) of 5pc to shareholders.
Hajiji, who is also Sabah Finance Minister, commended the board and management for the good performance, saying despite many challenges, especially those brought on by the Covid-19 pandemic, Progressive Insurance has worked hard to produce results.
Also present were State Secretary Datuk Seri Sr. Safar Untong, Finance Ministry’s Permanent Secretary who is also Deputy PIB Chairman Datuk Rusdin Riman, board members Mohamed Rifai Razi, Paul Chong Thian Soo, Chee Shok Ting, Abdul Aziz Zainal Abidin and PIB Chief Executive Officer Simon Leong.
Earlier Tuesday, the Chief Minister, accompanied by Safar, attended the Menteri Besar and Chief Ministers meeting chaired by Prime Minister Datuk Seri Ismail Sabri Yaakob in Putrajaya.
Hajiji will accompany Sabah Head of State Tun Juhar Mahiruddin to the two-day 259th Conference of Rulers meeting from today (June 29).
