Summit Power Limited approved 30 percent cash dividend to its shareholders for the year ended on 30 June 2018.
The dividend was approved in presence of the company’s shareholder at its 21st annual general meeting (AGM) held at Krishibid Institution Bangladesh (KIB) Complex at Farmgate in Dhaka, said a press release.
Summit Power Limited has been consistent in giving out dividend since its enlistment in the Dhaka and Chittagong Stock Exchanges in 2005.
Presided over by chairman of Summit Power Limited Muhammed Aziz Khan, the meeting was attended by vice chairman Md Latif Khan, director Anjuman Aziz Khan, director Jafer Ummeed Khan, director Md Farid Khan, director Faisal Karim Khan, director Azeeza Aziz Khan, managing director Lt Gen (Retd) Engr. Abdul Wadud, director Faruq Ahmed Siddiqi, director Helal Uddin Ahmed, director Arif Al Islam, director Mustafizur Rahman Khan, financial controller and company secretary Swapon Kumar Pal and other senior officials.
Summit Power Limited (SPL) is the leading independent power producer (IPP) of Bangladesh and a publicly listed AAA rated company. Presently Summit Group is supplying 1,941 MW electricity to the national power grid.
Recently Summit Power have installed 449 MW power plants at Kodda in Gazipur. Summit Group has received five consecutive the best power plant awards from government of Bangladesh since 2013.