Hajiji (centre) received the dividend payment from Sukarti (fourth left), while Safar and others look on.
KUALA LUMPUR: Sabah 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 today.
Its Chairman, Tan Sri Sukarti Wakiman presented the mock cheque to Chief Minister Datuk Seri Hajiji Haji 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 31st December 2021.
The dividend represents a Return on Capital Employed (ROCE) of 5% to shareholders.
Hajiji, who is also Sabah Finance Minister, commended the board and management for the good performance and said that 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. Haji Safar Untong, Finance Ministry’s Permanent Secretary who is also Deputy PIB Chairman, Datuk Haji Rusdin Riman, board members Haji Mohamed Rifai Razi, Paul Chong Thian Soo, Chee Shok Ting, Abdul Aziz Zainal Abidin and PIB Chief Executive Officer, Simon Leong.
Earlier today, 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 the Yang di-Pertua Negeri Sabah Tun Dr Haji Juhar Mahiruddin to the two-day 259th Conference of Rulers meeting from 29 June.