SIBL approves 10pc dividend

Staff Correspondent

16 September, 2020 12:00 AM printer

SIBL approves 10pc dividend

Social Islami Bank Chairman and former Vice Chancellor of Chittagong University Prof Md Anwarul Azim Arif presides over the 25th Annual General Meeting of the bank on virtual platform in the capital on Tuesday.

Social Islami Bank Limited approved 10 percent dividend for its shareholders for the year 2019.

The approval came at the 25th Annual General Meeting of the bank held on Tuesday on virtual platform due to coronavirus pandemic, said a press release.

 The bank’s shareholders approved 10 percent dividend, 5 percent in the form of cash and 5 percent in the form of stock for the financial year 2019 at the AGM.

The Chairman of the Board of Directors of the bank and former Vice Chancellor of University of Chittagong Professor Md. Anwarul Azim Arif presided over the meeting.

Board of directors of the bank and shareholders were present in the meeting.

Managing Director and CEO Quazi Osman Ali and Company Secretary Abdul Hannan Khan were also present in the meeting.

The shareholders expressed their satisfaction for the performance of the bank and suggested different guidelines on the virtual meeting.


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