Social Islami Bank approves 10% dividend for 2019
The decision was approved at the 25th annual general meeting (AGM) of the bank held virtually on Tuesday
The shareholders of Social Islami Bank Limited (SIBL) approved 5% cash dividend and 5% stock dividend for the financial year 2019.
The decision was approved at the 25th annual general meeting (AGM) of the bank held virtually on Tuesday, said a media statement.
The bank's Chairman and former Vice Chancellor of the University of Chittagong Professor Md Anwarul Azim Arif presided over the meeting, while other board directors and shareholders joined the meeting.
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The bank's Managing Director 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 for the years to come.
In his welcome speech, Professor Md Anwarul Azim Arif said SIBL has been maintaining a steady growth in all the indicators like operating profit, investment and deposits amid worldwide economic slowdown caused by the coronavirus pandemic.
In his speech, Quazi Osman Ali expressed his sincere gratitude to the valued shareholders, customers and distinguished patrons of the bank for their cooperation and continuous support.
He hoped that the bank would achieve its goal with the prudent guidelines of the board of directors of the bank.
