Sonali Life Insurance Concludes Twelfth AGM

Sonali Life Insurance Company Limited has successfully concluded its Twelfth Annual General Meeting (AGM), reaffirming its firm commitment to robust corporate governance, financial discipline and the long-term protection of shareholder interests. The meeting was held on Wednesday, 24 December 2025, at 10:00 a.m. in the conference hall of the company’s head office in Malibagh, Dhaka, and was presided over by the Chairman of the Board, Mr Moinul Islam.

The AGM was attended by a broad cross-section of stakeholders, including members of the Board of Directors, senior management, sponsors, shareholders and representatives of relevant regulatory authorities. Among the distinguished participants were Ms Maksuma Akhter Banu, Joint Secretary of the Financial Institutions Division; Independent Director Mr Jafar Iqbal; Shareholder Director Ms Fazlutun Nesa; Ms Fouzia Kamrun Tania representing Rupali Insurance; Sponsor Director Sheikh Md Daniel; Chief Executive Officer (Designate) Mr Md Rafikul Islam; Chief Financial Officer Mr Md Abdul Hannan; Chief Operating Officer Mr Md Manjur Morshed; Chief Information Officer Mr Hasib Reza; and Company Secretary Mr Md Abdur Rob, FCS.

During the meeting, shareholders unanimously approved the audited financial statements for the year ended 31 December 2024, along with the Directors’ Report and the Auditors’ Report. One of the most significant resolutions adopted at the AGM was the approval of a 15 per cent cash dividend for shareholders for the 2024 financial year. In the context of prevailing volatility in the financial markets, this dividend declaration was widely viewed as a strong signal of Sonali Life’s stable cash flow position, prudent risk management practices and effective operational leadership, further strengthening investor confidence in the company.

The AGM also approved the appointment of statutory and regulatory auditors for the year 2025. This decision underscored the company’s continued emphasis on financial transparency, accountability and adherence to best practices in corporate governance, in line with regulatory expectations and international standards.

Addressing the shareholders, Chairman Mr Moinul Islam expressed his sincere appreciation for their continued trust and support. He emphasised that Sonali Life would remain steadfast in maintaining financial discipline, strengthening its governance framework and ensuring full compliance with regulatory requirements. He further noted that the company’s strategic priorities include achieving sustainable long-term growth, maintaining a resilient balance sheet and delivering high-quality, customer-centric insurance services across Bangladesh.

Shareholders, in turn, expressed satisfaction with the company’s overall performance and praised the Board for its principled leadership and focus on long-term value creation. Many acknowledged that Sonali Life’s consistent approach to governance and financial management has positioned it as a dependable and forward-looking institution within the country’s life insurance sector.

Key financial indicators for the 2024 financial year are summarised below:

Overall, the Twelfth AGM served as a clear reflection of Sonali Life Insurance Company Limited’s sound financial stewardship, effective corporate governance structure and unwavering commitment to its shareholders. Through these achievements, the company has further consolidated its position as a stable, reliable and sustainably growing life insurer in Bangladesh’s financial landscape.