Social Islami Bank PLC. announcements
638 Dhaka Stock Exchange announcements for Social Islami Bank PLC. (SIBL) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2025 (24).
- Reduction of entire Paid-up Capital to Zero by Order of Bangladesh Bank
The company has informed that Bank Resolution Department of Bangladesh Bank (Central Bank of Bangladesh) issued Capital Reduction Order No. BRD/2025-1 dated December 21, 2025 for SIBL under Section 33 of the Bank Resolution Ordinance, 2025. In exercise of the powers conferred by Section 33(1) of the Ordinance, Bangladesh Bank has ordered and directed below issues through Capital Reduction Order No. BRD/2025-1 dated December 21, 2025: (cont.1) (Cont. News of SIBL): Further to be informed that for the avoidance of doubt, the above mentioned Order will not be affected: The rights of depositors; The continuity of banking services; The powers of Bangladesh Bank to take any further resolution actions. (end) (Cont. News of SIBL): the bank's statutory records reflect this capital reduction and cancellation of shares, including filling with the Registrar of Joint Stock Companies and Firms (RJSC) and relevant authorities including BSEC, DSE, CSE, CDBL etc. [Clause 2(C) of the Order]. It is mentionable that as per above instruction, SIBL has taken all necessary steps to execute the above Order. (cont.4) (Cont. News of SIBL): Effectiveness: 1. This Order will be effected immediately and shall be deemed effective from November 05, 2025 [Clause 2(A) of the Order]. 2. No approval or consent of shareholders, creditors, regulators, stock exchanges or any other person shall be required for the validity of this Order, pursuant to Section 33(2) of the ordinance [Clause 2(B) of the Order]. 3. The Administrator shall take all necessary steps to ensure that (cont.3) (Cont. News of SIBL): Capital Reduction: 1. The entire paid up capital of Social Islami Bank PLC amounting to BDT 1140.16 crore (One thousand one hundred forty crore and sixteen lac) only is hereby reduced to zero [Clause 1(A) of the Order]; 2. All related shares issued by the bank hereby stand fully written down and cancelled [Clause 1(B) of the Order]; 3. All associated shareholders' rights including voting, dividends, claims or remedies are extinguished [Clause 1(B) of the Order]. (cont.2)
- Suspension of Trading
Trading of shares of Social Islami Bank PLC. shall remain suspended with effect from today, November 6, 2025 until further notice as Bangladesh Bank vide its letter No. BRD/6-Information(Government)/2025-540 dated November 5, 2025 has declared the bank as non-viable (okarjokar) with effect from November 5, 2025 in accordance with the section 15 of the Bank Resolution Ordinance, 2025.
- Release from the duties of the Members of the Board of Directors
The company has informed that Bangladesh Bank has taken Social Islami Bank PLC under the Bank Resolution as per the Section 15 of Bank Resolution Ordinance, 2025 and by exercising the power under the Section 45 and 47(5) of the Bank Companies Act, 1991, Bangladesh Bank has also released the members of the Board of Directors of the Bank from their duties vide a letter dated 5th November, 2025.
- Q3 Financials
(Q3 Un-audited): Consolidated EPS was Tk. (10.94) for July-September 2025 as against Tk. (0.36) for July-September 2024; Consolidated EPS was Tk. (15.28) for January-September 2025 as against Tk. 0.14 for January-September 2024. Consolidated NOCFPS was Tk. (33.12) for January-September 2025 as against Tk. (35.78) for January-September 2024. Consolidated NAV per share was Tk. 2.87 as on September 30, 2025 and Tk. 19.38 as on September 30, 2024. (cont.) (Continuation news of SIBL): The Net Operating Cash Flow per share is negative mainly due to substantial cash outflow from deposit withdrawal during the period which exceeded the operating inflows. (end)
- Board Meeting schedule under LR 16(1)
As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on October 29, 2025 at 2:45 PM to consider, among others, Un-audited financial statements of the Company for the Third Quarter (Q3) period ended September 30, 2025.
- Clarification on recent news published in newspaper
In response to a DSE query letter to the company regarding a news published in a newspaper titled "Three banks agree to merge, two oppose" on September 07, 2025, the company has informed DSE the following: "...we would like to inform you that as per schedule prescribed by Bangladesh Bank, the Board of Directors and Top Management of our bank met with the Governor of Bangladesh Bank and (cont.) (Cont. news of SIBL): other high level Officials on 04.09.2025. Following the meeting, members of the Board and Top Management addressed Media regarding the issues of the meeting. During this interaction, Mr. Shafiuzzaman, Managing Director of our Bank, expressed his views on the matter. This engagement may be considered as traditional correspondence with the media." (end)
- Q2 Financials
(Q2 Un-audited): Consolidated EPS was Tk. (2.93) for April-June 2025 as against Tk. 0.33 (Restated) for April-June 2024; Consolidated EPS was Tk. (4.33) for January-June 2025 as against Tk. 0.50 (Restated) for January-June 2024. Consolidated NOCFPS was Tk. (27.60) for January-June 2025 as against Tk. 6.78 (Restated) for January-June 2024. Consolidated NAV per share was Tk. 13.82 as on June 30, 2025 and Tk. 20.21 (Restated) as on June 30, 2024. (cont.) (Cont. News of SIBL): Reason for deviation in NOCFPS: NOCFPS has decreased mainly due to higher cash outflow in respect of deposits compare to previous half year 2024. (end)
- Share Transmission Completion of deceased Sponsors
The Company has informed that 17,96,517 shares of Late M A Mannan and 2,06,83,647 shares of Late Nargis Mannan have been transmitted to their nominees as per news disseminated by DSE on 15.07.2025.
- Credit Rating Result
Emerging Credit Rating Limited (ECRL) has assigned Initial rating to the Company as "BBB+" in the long term and "ST-3" for short term along with a Stable outlook based on audited financial statements up to December 31, 2024 and other relevant quantitative as well as qualitative information up to the date of rating.
- Board Meeting schedule under LR 16(1)
As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on July 29, 2025 at 2:45 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended June 30, 2025.
- Transmission of Deceased Sponsor Shareholder's shares to his nominees
Late M A Mannan, a Sponsor Shareholder of the company, passed away on 31.03.2021. The company has informed that 17,96,517 shares out of his total holding of 19,80,659 shares will be transferred to his nominees Dr. Reshmi Mannan Siddique and Dr. Galib Mannan, both are Sponsor Shareholders of the company, who will receive 6,10,816 shares and 11,85,701 shares respectively, by way of nomination.
- Transmission of Deceased Sponsor Shareholder's shares to her nominees
Late Nargis Mannan, a Sponsor Shareholder of the company, passed away on 02.11.2022. The company has informed that 2,06,83,647 shares out of her total holding of 2,28,03,720 shares will be transferred to her nominees Dr. Reshmi Mannan Siddique and Dr. Galib Mannan, both are Sponsor Shareholders of the company, who will receive 70,32,440 shares and 1,36,51,207 shares respectively by way of nomination.
- Resumption after Record Date
Trading of the shares of the company will resume on 02.07.2025.
- Suspension for Record Date
Trading of the shares of the company will remain suspended on record date i.e., 30.06.2025.
- Spot News
Trading of the shares of the company will be allowed only in the Spot Market and Block transaction will also be settled as per spot settlement cycle from 26.06.2025 to 29.06.2025 and trading of the shares will remain suspended on record date i.e., 30.06.2025.
- Qualified Opinion, Emphasis of Matter and Others
The auditor of the company has given the "Qualified Opinion", "Emphasis of Matter" and "Material Uncertainty Related to Going Concern" paragraphs in the Auditor's Report of the company for the year ended December 31, 2024. To view the details, please visit: https://www.dsebd.org/Auditors_opinion/2024/SIBL_2024.pdf
- Dividend Declaration
The Board of Directors has recommended No Dividend for the year ended December 31, 2024. Date of AGM: 18.08.2025, Time: 11:00 AM, Venue/Mode: Digital Platform. Record Date: 30.06.2025. The Company has also reported Consolidated EPS of Tk. (0.89), Consolidated NAV per share of Tk. 18.15 and Consolidated NOCFPS of Tk. (7.51) for the year ended December 31, 2024 as against Tk. 1.86, Tk. 19.72 and Tk. 7.90 respectively for the year ended December 31, 2023. (cont.) (Cont. News of SIBL): Reasons for deviation: Earnings per share (EPS) has decreased compare to the last year mainly due to decrease of operating profit. Net Operating Cash Flow per share has decreased mainly due to cash outflow in respect of deposit compare to the previous year. (end)
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (01.06.2025) following its corporate declaration.
- Q1 Financials
(Q1 Un-audited): Consolidated EPS was Tk. (1.41) for January-March 2025 as against Tk. 0.17 (restated) for January-March 2024. Consolidated NOCFPS was Tk. (21.19) for January-March 2025 as against Tk. (0.78) (restated) for January-March 2024. Consolidated NAV per share was Tk. 16.74 as on March 31, 2025 and Tk. 19.89 (restated) as on March 31, 2024. (cont.) (Cont. News of SIBL): Reasons for deviation: Earnings per share has decreased compare to the previous First Quarter (Q-1)-2024 due to decrease of operating profit. Net Operating Cash Flow per share has decreased mainly due to cash outflow in respect of deposits compare to previous First Quarter (Q-l)- 2024. (end)
- Reschedule of Board Meeting under LR 19(1)
The Company has further informed that the meeting of the Board of Directors of the Company as per Regulation 19(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, will be held on May 29, 2025 at 2:45 PM to consider, among others, audited financial statements of the Company for the year ended December 31, 2024 subject to consent from Bangladesh Bank.
- Board Meeting schedule under LR 16(1)
As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on May 29, 2025 at 2:45 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended March 31, 2025.
- Regarding Board Meeting under LR 19(1)
Refer to their earlier news disseminated by DSE on 22.04.2025, the company has informed that they did not get the consent of the Audited Financial Statements from Bangladesh Bank. As such, the Audited Financial Statements for the year ended on 31st December, 2024 is not placed for consideration in the Board meeting scheduled to be held on April 30, 2025. (cont.) (Cont. news of SIBL): They have also informed that as soon as they get the consent of the said Audited Financial Statements from Bangladesh Bank, the matter will be notified as per Listing Regulations of the Exchange(s). (end)
- Board Meeting schedule under LR 19(1)
As per Regulation 19(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on April 30, 2025 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended December 31, 2024.
- Appointment of Managing Director
The company has informed that Mr. Shafiuzzaman assumed the Office of the Managing Director of Social Islami Bank PLC with effect from March 27, 2025.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.