Saturday, 16 December 2017

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Milestone Achievements

  • SABINCO has so far facilitated 121 industrial investments, amounting to Taka 12,880 million in the private sector in  Bangladesh.

 

  • Entire investment has been made from the Company’s own financial resources. SABINCO does not accept deposits and neither it has, any borrowings.

 

  • SABINCO continuously has been redeploying its profits towards further investment, in new industrial ventures within the national economy.

 

  • Estimated around 13,950 jobs created in the industrial enterprises promoted.

 

  • SABINCO has played a pivotal role in the development of the Fisheries sector in Bangladesh by financing the establishment of 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.

 

  • Initiated the establishment of private sector cement industry by promoting four pioneering cement manufacturing facilities.

 

  • Construction of owned office building at Nikunja-2, Dhaka-1229.

 

  • SABINCO completed repayment equivalent to the paid up and authorized capital of Taka 2106.08 million which coincided with the Dividend payment 2014.

 

  • SABINCO continues to make significant contribution to the national economy through payment of income tax and dividend. Following statistics, since inception till 31 December 2016, may be noted:
· Taka 2,464.94 million paid as Income Tax to the Government of the People’s Republic of Bangladesh.

· Taka 1,317.85 million paid as Dividend, to the Government of the People’s Republic of Bangladesh.

· US $ 18.655 million (Taka 1,317.85 million) remitted to the Government of the Kingdom of Saudi Arabia  as Dividend.

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