Dhaka, Bangladesh (BBN)): The Board of Directors of Social Islami Bank Ltd has recommended 5% cash dividend and 10% stock dividend for the year ended on December 31, 2012 to the shareholders of the Company except Islamic Charitable Society (Defendant No. 2) and Mr. Shahir A. R. Batterjee (Defendant No. 3) in view of the Court Order in Title Suit No. 161 of 2013, said an office disclosure on Sunday.
The Board has also decided to issue Mudaraba Subordinated Bond (6 years redeemable) of Social Islami Bank Limited for BDT 3.0 billion in the name and style "SIBL Mudaraba Subordinated Bond" through private placement subject to approval of Bangladesh Bank and Bangladesh Securities and Exchange Commission (BSEC).
Date of AGM: 22.06.2013, Time: 11:30 AM, Venue: Sunrise Community Center, Sunamgonj Road, Pathantola, Sylhet. Record date: 22.05.2013.
The Company has also reported EPS of BDT 2.25, NAV per share of BDT 15.92 and NOCFPS of BDT 10.27 for the year ended on December 31, 2012
BBN/BB/AD/12May-13-11.40am (BST).