Sonali Life Insurance Company Limited announcements
119 Dhaka Stock Exchange announcements for Sonali Life Insurance Company Limited (SONALILIFE) since 2021: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2023 (27).
- The Company has informed that the Board of Directors has appointed Mr. Abdur Rob as the Company Secretary of the Company
The Company has informed that the Board of Directors has appointed Mr. Abdur Rob as the Company Secretary of the Company with effect from December 17, 2023.
- Election of Chairman
The company has informed that the Board of Directors has elected Mr. Mostafa Golam Quddus as Chairman of the company.
- Dividend Disbursement
The Company has informed that it has disbursed the cash dividend for the year ended December 31, 2022 to the respective shareholders.
- (Q3 Un-audited): As per life revenue account of the company for July to September, 2023, excess of total income over tot
(Q3 Un-audited): As per life revenue account of the company for July to September, 2023, excess of total income over total expenses including claims (surplus) was BDT 1,091.74 million as against excess of total income over total expenses including claims (surplus) of BDT 713.80 million in the corresponding previous period of 2022. Whereas as per life revenue account of the company for January to September, 2023, (cont.)
- Q3 Financials
(Continuation news of SONALILIFE): excess of total income over total expenses including claims (surplus) was BDT 2,649.58 million as against excess of total income over total expenses including claims (surplus) of BDT 1,743.69 million in the corresponding previous period of 2022. Accordingly, Balance of Life Insurance Fund was BDT 8,685.14 million as on September 30, 2023 as against BDT 4,713.99 million as on September 30, 2022 resulting a net increase of BDT 3,971.15 million. (end)
The first part of this announcement is missing from the archive. - 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 28, 2023 at 12:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended September 30, 2023.
- Resumption after Record Date
Trading of the shares of the company will resume on 21.08.2023.
- Suspension for Record Date
Trading of the shares of the company will be suspended on record date i.e., 20.08.2023.
- 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 with cum benefit from 16.08.2023 to 17.08.2023 and trading of the shares will remain suspended on record date i.e., 20.08.2023.
- (Q2 Un-audited): As per life revenue account of the company for April to June, 2023, excess of total income over total c
(Q2 Un-audited): As per life revenue account of the company for April to June, 2023, excess of total income over total claims and expenses (surplus) was BDT 886.06 million as against excess of total income over total claims and expenses (surplus) of BDT 590.58 million in the corresponding previous period of 2022. Whereas as per life revenue account of the company for January to June, 2023, excess of total income over total claims and expenses (surplus) (cont.)
- Q2 Financials
(Continuation news of SONALILIFE): was BDT 1,557.83 million as against excess of total income over total claims and expenses (surplus) of BDT 1,029.88 million in the corresponding previous period of 2022. Accordingly, Balance of Life Insurance Fund as on June 30, 2023 was BDT 7,593.39 million as against BDT 4,000.18 million as on June 30, 2022 resulting a net increase of BDT 3,593.21 million. (end)
The first part of this announcement is missing from the archive. - The auditor of Sonali Life Insurance Company Limited has given the \"Emphasis of Matter\" paragraphs in the Auditor\'s R
The auditor of Sonali Life Insurance Company Limited has given the \"Emphasis of Matter\" paragraphs in the Auditor\'s Report for the year ended December 31, 2022. \"Emphasis of Matters: i) In our audit we have observed that Company has purchased office spaces in different floors in the existing office building and management has taken over the possession of the floors and started utilization of the floor spaces for official purpose (cont.)
- but floors have not yet been registered in the name of the company through transferred deed. During our audit period, re
but floors have not yet been registered in the name of the company through transferred deed. During our audit period, registration process has been started. ii) As per Section 2(10), Labor Act 2006 and as amended up to 2013, Sonali Life Insurance Company Limited has not established any gratuity fund which is non-compliance of Labour Act.\" (end)
- National Credit Ratings Limited has assigned the Surveillance entity rating of the Company as \"AAA\" in the long term a
National Credit Ratings Limited has assigned the Surveillance entity rating of the Company as \"AAA\" in the long term and \"ST-1\" in the short term along with Stable outlook based on audited financial statements as on June 30, 2022.
- Refer to the earlier news disseminated on 31.07.2023, the company has further informed that the company wrongly mentione
Refer to the earlier news disseminated on 31.07.2023, the company has further informed that the company wrongly mentioned consideration of its audited financial up to June 30, 2022 whereas the correct information is consideration of its audited financial up to December 31, 2022. Other information will remain the same.
- (Q1 Un-audited): As per life revenue account of the company for January to March 2023, Balance of Life Insurance Fund as
(Q1 Un-audited): As per life revenue account of the company for January to March 2023, Balance of Life Insurance Fund as on March 31, 2023 was BDT 6,707.33 million as against BDT 3,409.60 million as on March 31, 2022 resulting a net increase of BDT 3,297.73 million. Net premium was BDT 1,576.20 million during January-March 2023 as against BDT 1,061.42 million during January-March 2022. (cont.)
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (30.07.2023) following its corporate declaration. However, the floor price shall be applicable accordingly.
- Dividend Declaration
The Board of Directors has recommended 20% Cash Dividend for the year ended December 31, 2022. Date of AGM: 28.09.2023, Time: 12:00 PM, Venue: Digital Platform. Record Date: 20.08.2023.
- Q1 Financials
(Continuation news of SONALILIFE): Total expenditure was BDT 994.10 million during January-March 2023 as against BDT 666.96 million during January-March 2022. NOCFPS was BDT 14.03 during January-March 2023 as against BDT 9.22 during January-March 2022. (end)
The first part of this announcement is missing from the archive. - 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 August 03, 2023 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended June 30, 2023.
- 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, 2023 at 12:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended March 31, 2023.
- 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 July 29, 2023 at 12:00 PM to consider, among others, audited financial statements of the Company for the year ended December 31, 2022.
- Query Response
In response to a DSE query, the company has informed that there is no undisclosed price sensitive information of the company for recent unusual price hike and increase in volume of shares.
- Resumption after record date
Trading of the shares of the company will resume on 05.03.2023 after record date.
- Suspension for Record date
Trading of the shares of the company will remain suspended on record date i.e., 02.03.2023 for EGM.
- Spot for EGM
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 from 28.02.2023 to 01.03.2023 and trading of the shares will remain suspended on record date i.e., 02.03.2023 for EGM.
- Decision to hold EGM
The company has informed that the Board of Directors has decided to hold an EGM to obtain approval from shareholders regarding complete Islamicization of business of the Company. Date of EGM: 23.03.2023, Time: 12:30 PM, Venue: Digital Platform. Record Date for EGM: 02.03.2023.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.