SIBL AGM approves 10pc dividend

The 25th Annual General Meeting of Social Islami Bank Limited (SIBL) was held on Tuesday on a digital platform. The bank's shareholders approved 10 per cent dividend -- 5 per cent in the form of cash and 5 per cent 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. MD & CEO Quazi Osman Ali and Company Secretary Abdul Hannan Khan were also present. Speaking on the occasion, the Chairman of the Bank said SIBL had been maintaining a steady growth in all the indicators like operating profit, investment, deposit, etc. despite worldwide economic slowdown caused by the coronavirus pandemic.
— Statement