Summit Power Limited approves 35% cash dividend

Photo Caption: The 23rd Annual General Meeting (AGM) of Summit Power Limited (SPL) was held today through a digital platform .

(Dhaka) 14th December 2020, Monday: Today Summit Power Limited (SPL) approved a total 35% cash dividend i.e. inclusive of 15% interim cash dividend and 20% final cash dividend to its shareholders for the year ended on 30th June 2020. The dividend was approved in the presence of the Company’s shareholders at its 23rd Annual General Meeting (AGM).

Muhammed Aziz Khan, Chairman of Summit Power Limited (SPL) at its 23rd AGM said, “Already 170 million people have access to electricity in Bangladesh. But for us to provide uninterrupted quality power supply to industries we need to further develop our transmission and distribution networks. We would urge the government to also privatise transmission and distribution of electricity.”

Presided over by Chairman of Summit Power Limited Muhammed Aziz Khan, the virtual meeting was attended by Vice Chairman Md Latif Khan, Director Anjuman Aziz Khan, Director Md. Farid Khan, Director Finance Ayesha Aziz Khan, Director Faisal Karim Khan, Director Azeeza Aziz Khan, Managing Director Lt. Gen. (Retd.) Engr. Abdul Wadud, Independent Director Faruq Ahmed Siddiqi, Director Helal Uddin Ahmed, Director Arif Al Islam, Independent Director Junayed Ahmed Chowdhury and Financial Controller & Company Secretary Swapon Kumar Pal FCA along with other senior officials.

About Summit Power Limited:
Summit Power Limited (SPL) is the leading independent power producer (IPP) of Bangladesh and a publicly listed AAA rated company. It is part of Summit Group that has combined 1,941 MW installed capacity and supplies electricity to the National Power Grid. Summit Power Limited has been consistent in issuing dividends since its enlistment in both the Dhaka and Chittagong Stock Exchanges in 2005. Summit has received five consecutive best power plant awards from the government of Bangladesh since 2013.

Visit www.summitpowerinternational.com/SPL, and follow Summit on Facebook, Twitter and on LinkedIn.

For Media Enquiries:
Mohsena Hassan | E-mail: mohsena.hassan@summit-centre.com | M: +8801713081905