Summit Alliance Port Ltd (SAPL) has approved a 12% cash dividend for the year ended on 30 June, 2023at its 19th Annual General Meeting (AGM) on Tuesday, says a press release.
Presided over by the Muhammed Aziz Khan, Chairman, Summit Group of Companies, the meeting was attended by Jowher Rizvi, Managing Director, SAPL, Yasser Rizvi, Additional Managing Director, Deputy Managing Directors - Nasser Rizvi and Azeeza Aziz Khan ACCA, Directors - Anjuman Aziz Khan, Latif Khan, Ayesha Aziz Khan, Faisal Khan, Syed Fazlul Haque FCA, Abdul-Muyeed Chowdhury and Lutfe M. Ayub. In addition, Independent Directors - Helal Uddin Ahmed, Anis A Khan, Rear Admiral Riazuddin Ahmed (Retd), Captain Kamrul Islam Mazumder, Director and CEO and Md Abdullah Osman Shajid, Asst General Manager and Company Secretary were also present.
In this financial year, SAPL has focused on improving customization of its off-dock services while responding to clients demands with Managements innovative solutions. Though the industry has been facing a downward trend beginning with the pandemic, followed by the Russia-Ukraine war and more recently the Palestine-Israel war resulting in a global inflation and recession. Given the negative macro-economical environment, under the able leadership of Muhammmed Aziz Khan and Jowher Rizvi, the Management of SAPL handled it tremendously well and therefore declared a 12% cash dividend to its shareholders.
SAPL is a "AA2" rated Company as per the Credit Rating Agency of Bangladesh (CRAB). Since 2008, SAPL has been consistently offering dividends to its shareholders including the duration of the pandemic.
