IBN SINA approves 30pc cash dividend

FE DESK REPORT | Friday, 15 November 2019

The 35th annual general meeting (AGM) of The IBN SINA Pharmaceutical Industry Ltd was held at Emmanuelle's Convention Centre in the city on Thursday, said a statement.

Shah Abdul Hannan, Chairman of the company, presided over the meeting.

The AGM approved 30 per cent cash dividend after evaluating the financial report of the tenure from July 1, 2018 to June 30, 2019.

Managing Director Prof Dr A K M Sadrul Islam, and company secretary and Executive Director Md Shahid Farooqui were present at the AGM.

The directors' report, auditors' report and audited financial statements were presented in the AGM.

Prof Dr A K M Sadrul Islam and Kazi Harun-Or Rashid were re-elected sponsor directors.

The company has made a significant contribution to the national exchequer by paying Tk 97,06,46,752 as income tax, Vat and other applicable taxes for fiscal year 2018-19.