Stock MERCINS MERCANTILE ISLAMI INSURANCE PLC
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Company Mercantile Islami Insurance PLC

Equities

MERCINS

BD0721MIC002

Property & Casualty Insurance

End-of-day quote Dhaka S.E.
Other stock markets
 06:00:00 2024-04-24 pm EDT 		5-day change 1st Jan Change
31.9 BDT -2.74% Intraday chart for Mercantile Islami Insurance PLC -5.90% -3.04%
2023 Mercantile Islami Insurance PLC Appoints Mr. Md. Nabiullah as the Chairman CI
2023 Mercantile Islami Insurance PLC Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023 CI

Business Summary

Mercantile Islami Insurance PLC, formerly Mercantile Insurance Company Ltd., is a Bangladesh-based general insurance company. The Company is principally engaged in the field of non-life insurance business. The Company offers various insurance services, such as Fire insurance, Marine cargo insurance, Motor insurance, Personal accident insurance, Industrial all risk insurance, Marine hull insurance, Contractors all risk insurance, Tsunami and Earthquake Insurance, and Business interruption and machinery break down insurance. The Company also offers Health insurance, including overseas mediclaim insurance; Money insurance, such as Cash in safe, Cash in Transit, Cash on Counter, ATM Booth Riot, Strike Damage Insurance and Erection All Risk Insurance. The Company also provides a variety of insurance products for businesses, such as industrial all risk insurance, contractors all risk insurance and property insurance. The Company operates through approximately 19 branches across Bangladesh.

Number of employees: 324

Sales per Business

BDT in Million2021Weight2022Weight Delta
Marine
60.3 %
303 66.0 % 311 60.3 % +2.60%
Miscellaneous
19.8 %
64 13.9 % 102 19.8 % +59.64%
Fire
17.1 %
79 17.2 % 88 17.1 % +11.97%
Motor
2.8 %
14 3.0 % 14 2.8 % +5.58%

Sales per region

BDT in Million2021Weight2022Weight Delta
Bangladesh
100.0 %
459 100.0 % 515 100.0 % +12.23%

Managers

Managers TitleAgeSince
Firoz Ahmed CEO
 Chief Executive Officer 62 96-05-04
Mohammad Abdus Salam DFI
 Director of Finance/CFO 61 95-12-31
Abdul Haque CHM
 Chairman 65 -
Mozammel Hoque Chowdhury ADM
 Chief Administrative Officer - -
Fazlur Rahim Khan Chowdhury CTO
 Chief Tech/Sci/R&D Officer - -
Mohammad Zakir Hossain ADM
 Chief Administrative Officer - -
Abdul Rahman BRD
 Director/Board Member 66 96-04-30
Nazma Akter IRC
 Investor Relations Contact - -
Sarwar Alam AUD
 Comptroller/Controller/Auditor - -
Mohammad Shahnoor AUD
 Comptroller/Controller/Auditor - -

Members of the board

Members of the board TitleAgeSince
Mohammad Serajul Islam BRD
 Director/Board Member - -
Abdul Mannan Mazumder BRD
 Director/Board Member - -
Shafique Ahmed BRD
 Director/Board Member - -
Aziz Mohammad Chowdhury BRD
 Director/Board Member - -
Azad Mustafa BRD
 Director/Board Member - -
Nurul Azim Sunny BRD
 Director/Board Member - -
Nur Amin BRD
 Director/Board Member - -
Mohammad Salam Obaidul Korim BRD
 Director/Board Member - -
Mohiuddin Ibnul Arabi BRD
 Director/Board Member - -
Nur Nahar Tarin BRD
 Director/Board Member - -

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 0 43,095,360 28,571,568 ( 66.30 %) 0 66.30 %

Company contact information

Mercantile Islami Insurance Plc

Red Crescent Bhaban 61, Motijheel Commercial Area

1000, Dhaka

+

http://www.miiplc.com
address Mercantile Islami Insurance PLC(MERCINS)

Sector

Financials
Insurance
Insurance
Property & Casualty Insurance
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Sales per Business

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