Wednesday, 1 December, 2021

Midland Bank approves 7.5pc cash dividend

  • Staff Correspondent
  • 4 October, 2021 12:00 AM
  • Print news

Midland Bank Limited approved 7.50 percent cash dividend for its shareholders for the year 2020.

The approval came at the 8th annual general meeting of the bank held through digital platform in the capital recently, said a press release.

Nilufer Zafarullah, Chairperson of the Board of Directors of the bank, presided over the meeting.

Vice-Chairman Md Shamsuzzaman, Directors including Independent Directors, sponsors and shareholders of the bank were present in the meeting.

Md Ahsan-uz Zaman, Managing Director and CEO and Md Zahid Hossain, DMD of the bank, were also present.

In the AGM, the shareholders of the bank approved 7.50 percent cash dividend for the year 2020 on the paid-up capital of Tk 570 crore and adopted other decisions, while noting that the bank’s total shareholders’ equity was Tk 761.00 crore, as of 31.12.2020. 

The directors’ report, audited financial statements of the bank for the year ended on 31st December, 2020 were also placed and adopted in the meeting along with other agenda.