Social Islami Bank PLC approved a 10 per cent dividend at its 29th Annual General Meeting (AGM), conducted via a hybrid platform on Wednesday. The dividend comprises 5 per cent cash and 5 per cent stock for the year 2023.
Md Kamal Uddin, vice chairman of the Board of Directors of the bank, presided over the meeting. Md Sayedur Rahman, vice chairman; Zafar Alam, managing director & CEO; directors of the board, chairman of Shariah Supervisory Committee, and shareholders of the bank were present at the meeting, according to a press release.
Deputy managing directors, along with senior executives, were also present at the meeting. The shareholders thanked for giving 10 per cent dividend and also suggested different guidelines on the virtual meeting. The AGM was conducted by the Company Secretary Md Nazmul Ahsan.
In his speech, Md Kamal Uddin thanked the shareholders and regulators, and expressed gratitude for their unwavering support. He also hoped that the shareholders would continue their support in the coming days.
During his address, Md Kamal Uddin thanked the shareholders and regulators for their consistent support and hoped for their continued backing in the future. Zafar Alam addressed shareholders' queries, discussed the bank's growth indicators, highlighted various products, and expressed appreciation for their unwavering trust in Social Islami Bank. He expressed confidence that the bank would achieve its goals under the prudent guidance of the board of directors.
