Tuesday, 19 June 2018

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Milestone Achievements

  • SABINCO is a non-depository Financial Institution established in 1984.

  • SABINCO has so far facilitated 131 industrial investments, amounting to Taka 16,131 million in the private sector in  Bangladesh from its own financial resources.

 

  • Thus substantially contributed in employment generation in the industrial enterprises promoted.

  • SABINCO has played a pivotal role in the development of the Fisheries sector in Bangladesh by financing the first Balanced Fish and Poultry Feed Mill in the country and introduction of industrial scale Fish-Farming (grow out).

  • Also, the first commercial shrimp hatchery (Black Tiger) in the country was financed by SABINCO.

 

  • SABINCO also acted as a catalyst in the establishment of private sector cement industry in the country in the country by promoting four pioneering cement manufacturing  facilities.

  • SABINCO's  cumulative dividend payment to the shareholders surpassed the paid up and authorized capital of Taka 2,106.08 million in 2014.

 

  • SABINCO owned office building at Nikunja-2, Dhaka-1229 completed in 30 June, 2012.

  • SABINCO continues to make significant contribution to the national economy through payment of income tax (1995-2011) and dividend. Following statistics, since inception till 31 December 2017, may kindly be noted:
· Taka 1,345.26 million paid as Income Tax to the Government of the People’s Republic of Bangladesh for the period 1995-2011 (Not covered by tax exemption privileges).

· Taka 1,452.85 million paid as Dividend, to the Government of the People’s Republic of Bangladesh.

· US $ 20.31 million (Taka 1,452.85 million) remitted to the Government of the Kingdom of Saudi Arabia  as Dividend.

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