The Shareholders of Social Islami Bank Limited approved a 10 per cent dividend (5 per cent cash, 5 per cent stock) for the financial year 2020 at the 26th Annual General Meeting. Due to Covid 19 restriction, the meeting was held on Tuesday (8th July 2020) virtually on a digital platform.
Prof. Md. Anwarul Azim Arif, Chairman of the Board of Directors of the Bank and previous Vice Chancellor of University of Chittagong, managed the meet up. SIBL has been maintaining a steady growth despite worldwide economic slowdown caused by the coronavirus pandemic. The bank is very much aware of its responsibilities towards all stakeholders, the chairman of SIBL has stated.
The shareholders expressed their satisfaction for the performance of the bank and suggested different ideas and guidelines on the virtual meeting. The Company Secretary Abdul Hannan Khan commended the AGM.
Source: The Financial Express