Sonali Life Ins upgraded to ‘A’ category

Business Desk :

Sonali Life Insurance Company Limited, as per the declaration of the regulatory authority, has been reclassified from the “Z” category to the “A” category, effective from Monday.

The Company successfully convened its 11th Annual General Meeting (AGM) recently wherein the Shareholders approved a 10 per cent cash dividend for the financial year ended 31 December 2023, says a press release.

The press release mentions that this reclassification is a significant achievement for the Company and reflects its improved compliance status, strengthened operational performance, and the confidence of the regulator in its corporate governance standards and financial discipline.
The approval of dividend distribution is a testament to the Company’s stable financial standing and its continued commitment to maximizing shareholder value.