Southeast Bank holds 29th AGM, approves 6pc cash and 4pc stock dividend

The 29^th Annual General Meeting of Southeast Bank PLC was held on Wednesday, September 25, 2024, at 11.00 a.m. virtually by using a digital platform.

Mr. Alamgir Kabir, FCA, Chairman of the Bank, presided over the meeting, according to a press release. 

Mr. Md. Akikur Rahman, Vice Chairman, Mr. M. A. Kashem, Founder Chairman and Sponsor Director, Mr. Azim Uddin Ahmed, Ex Chairman and Sponsor Director, Mrs. Duluma Ahmed, Sponsor Director, Mrs. Jusna Ara Kashem, Sponsor Director and Other Directors- Mrs. Rehana Rahman, Mr. Nasir Uddin Ahmed, Mr. Md. Rafiqul Islam (nominee of Asia Insurance Limited), Independent Director- Mr. Mohammad Delwar Husain took part in the meeting virtually by using digital platform.

Mr. Nuruddin Md. Sadeque Hossain, Managing Director and Mr. A.K.M. Nazmul Haider, Company Secretary of the Bank also participated in the meeting. The bank’s sponsors and a large number of shareholders took part in the meeting through the digital platform.

Mr. Nuruddin Md. Sadeque Hossain, Managing Director of the bank in his welcome address highlighted the bank’s operational performance in 2023 and outlined the future plans and strategies to further augment operational efficiency and asset quality of the bank.

In the 29^th (Virtual) Annual General Meeting, the shareholders by their unanimous votes approved 6 per cent Cash Dividend and 4 per cent Stock Dividend and the audited financial statements of the Bank for the year 2023.

Mr. Alamgir Kabir, FCA, Chairman of the Bank, highly appreciated the shareholders for their continuous co-operation and active support for sustainable growth of the Bank.

He assured them of implementing gradually the valuable suggestions put forward by them in the virtual meeting to accelerate the operational performance of the Bank including its brand image.

Mr. M. A. Kashem, Founder Chairman and Sponsor Director of the Bank Thanked the shareholders of the Bank for their participation in the AGM. He emphasized that everyone works in unity.

A significant number of shareholders sent their valuable queries and comments online.

They lauded the Board of Directors and Management Authority of the bank for the excellent operational results, stable dividend declaration and release of information-rich, integrated and attractive Annual Report-2023, the release adds.