The 39th Annual General Meeting (AGM) of Saudi-Bangladesh Industrial and Agricultural Investment Company Limited (Sabinco) was held on June 3 at its head office at Nikunja, Dhaka.
The meeting approved a cash dividend of Tk150 million for the year 2022, reads a press release.
The company earned a net profit of Tk441.21 million during the year.
The meeting reviewed the operational performance, accounts and investment portfolio.
The chairman of the company Sultan Abdulrauf presided over the meeting.
Sabinco is a joint venture financial institution equally owned by the government of Bangladesh and the government of the Kingdom of Saudi Arabia.
Md Shah Alam, joint secretary, Financial Institutions Division, Ministry of Finance, government Bangladesh and Mohammed H Alshuhail, director, Sabinco, the government of the Kingdom of Saudi Arabia represented the respective shareholders at the meeting.
Other members of the board of Sabinco who attended the meeting were the deputy chairman Fatima Yasmin, senior secretary, Finance Division and Director Sharifa Khan, secretary, Economic Relations Division, Ministry of Finance representing the government of Bangladesh, while Director Mohammed H Alshuhail and Director Mohammed M Almalki represented the government of the Kingdom of Saudi Arabia.
Ahmed Ehsanul Karim, managing director and other senior members of the management were also present at the meeting.
