AIBL approves 15pc cash, 2pc stock dividend for 2018
Al-Arafah Islami Bank Ltd. has approved 15 per cent cash and 5 per cent stock dividend for the year 2018 in its 24th Annual General Meeting held on June 22 at Al-Arafah Tower in the capital.
Alhajj Abdus Samad Labu, Chairman, Board of Directors of the Bank presided over the meeting while Md. Mahmudur Rahman, Senior Executive Vice President and Company Secretary, proposed the agenda.
The Bank achieved growth of 8.74 per cent in deposit, 11.01 per cent in investment, 7.58 per cent in import and 9.51 per cent in export during the year 2018 compared to 2017. Earning Per Share of the Bank stood at BDT2.35 in 2018.
The house considered and adopted the Directors' Report, Statement of Accounts for the year 2018 along with Auditors' Report and also appointed the Auditors of the Company for the term until the next Annual General Meeting.
The shareholders participated in the review of the overall performance of the Bank and expressed their satisfaction. They made some valuable suggestions for improvement of performance and image of the Bank.
Abdus Samad Labu, Chairman of the Bank thanked the shareholders for the confidence entrusted on the Board of Directors.
Alhajj Abdus Salam, Vice Chairman and Farman R Chowdhury, Managing Director and CEO were also present on the occasion among other Directors, executives and shareholders of the Bank.
