Social Islami Bank Ltd held its 9th Extraordinary General Meeting (EGM) on 13 December through a digital platform.
Professor Md Anwarul Azim Arif, chairman of the bank, presided over the programme in participation of the shareholders, read a press release.
In the meeting, it has been approved to increase authorised capital to Tk3,000 crore from Tk1,000 crore and to convert SIBL Mudaraba Perpetual Bond of Tk500.00 crore into common shares as per Bangladesh Bank instructions.
The members of the Board of Directors attended the meeting. Quazi Osman Ali, MD & CEO, and Abdul Hannan Khan, company secretary, were present in the meeting. Deputy managing directors and senior executives of the bank were also present on the occasion.
Professor Md Anwarul Azim Arif expressed sincere gratitude to Bangladesh bank, Bangladesh Securities & Exchange Commission, Dhaka Stock Exchange, Chattogram Stock Exchange, Shareholders, Stakeholders and other regulatory bodies for their right direction, cooperation, and trust.
Quazi Osman Ali cited that with the judicious guidelines of the Board of Directors of SIBL is moving forward and he hoped that this positive trend will continue in future.