Shahjalal Islami Bank approves 10pc dividend

FE DESK REPORT | Thursday, 13 August 2020

The 13th Extra-Ordinary General Meeting (EGM) and 19th Annual General Meeting (AGM) of Shahjalal Islami Bank Limited were held on Wednesday through digital platform, said a statement.

Chairman of the board of directors of the bank Md. Sanaullah Shahid presided over the meeting. In the EGM the proposal for increasing the Authorized Capital of the company from Tk. 10 billion to Tk. 15 billion has been approved unanimously.

The AGM approved 10 per cent dividend (5 per cent stock and 5 per cent cash) for the shareholders and the directors reported and audited balance sheet and the profit and loss account for the year ended on 31st December 2019.

Chairman of Shahjalal Islami Bank Limited Md. Sanaullah Shahid, Managing Director & CEO M. Shahidul Islam delivered speech in the AGM. The EVP and Company Secretary of the bank Md. Abul Bashar moderated the programme.