General Assembly Meetings:
The General Assembly of the Shareholders of Sudanese Egyptian Bank (SEB) approved during its annual ordinary meeting held on March 19, 2012 at AlSalam Rotana Hotel in Khartoum-Sudan the proposal of the Board of Directors regarding the appropriation of profits for the year 2011 by distributing a cash dividend equal to 20.6% of the Net Profit of the year 2011 & 79.4% of the Net Profit of the year 2011 as Bonus Shares to Shareholders.
At the ORDINARY GENERAL MEETING, SEB shareholders:
1- Approved the Annual Report to the Shareholders on the year’s activity and financial position for the financial year ended 31/12/2011.
2- Approved the report of the Auditors for the financial year ended 31/12/2011.
3- Approved the report of the Sharie Board for the financial year ended 31/12/2011
4- Approved the recommendation of the Board to pay unrestricted depositors annual profit of 10.50% as attractive a competitive rate
5- Approved the recommendations of the Board regarding the appropriation of profits by distributing cash dividends equal to 20.6% of the net profit of the year 2011
6- Capitalizing 79.4% of the net profit of the year 2011 in form of bonus shares to shareholders to increase the capital to be SDG 100,000,000.
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