AIBL approves 13.5pc Bonus Dividend

Al-Arafah Islami Bank Ltd (AIBL) has approved 13.5 per cent dividend in the form of Bonus Share for the year ended 31st December, 2013 in its 19th Annual General Meeting (AGM) held on Sunday (30 March, 2014) at Ichamoti Hall, Hotel Agrabad, Agrabad, Chittagong.

20140330_AIBL_AGM_PressThe meeting was presided over by Badiur Rahman, Chairman, Board of Directors of the Bank.

Vice Chairman  S M Shameem Iqbal, Directors  Md. Harun-ar-Rashid Khan,  Nazmul Ahsan Khaled,  Abdul Malek Mollah,  Hafej Md. Enayetullah,  Ahamedul Haque,  Abdus Samad,  A N M Yeahea,  Engr. Kh. Mesbah Uddin Ahmed,  Abdus Salam,  Niaz Ahmed, Anwar Hossain, Dr. Md. Shafiul Haider Chowdhury, Ex Director  A.Z.M. Shamsul Alam,  Managing Director Md. Habibur Rahman, Deputy Managing Directors, Company Secretary, Executive Vice Presidents, Executives, Officers and large number of Shareholders were present on the occasion.

The Bank achieved growth of 18.79 per cent in Deposit and 17.88 per cent in Investment during the year 2013 compared to 2012. Bank also kept its Classifid Investment in control. At the end of 2013 Classified Investment of the Bank stood at 2.77 per cent.

The house considered and adopted the Directors’ Report, statement of accounts for the year 2013 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 performence and image of the Bank.

The Chairman of the Bank Badiur Rahman thanked the Shareholders for the confidence entrusted on the Board of Directors.