5:16 pm - Friday May 24, 5912

AIBL approves 15pc cash, 5pc stock dividend

Al-Arafah Islami Bank Ltd. has approved 15% Cash and 5% Stock Dividend for the year ended on 31st December 2017 in its 23rd Annual General Meeting (AGM) held on 24 May, 2018 at Al-Arafah Tower, Purana Paltan, Dhaka. The meeting was presided over by Alhajj Abdus Samad Labu, Chairman, Board of Directors of the Bank.

Vice Chairman Alhajj Abdus Salam, Directors Alhaj Hafez Md. Enayetullah, Alhajj Salim Rahman, Mohammed Emadur Rahman, Md. Amir Uddin PPM, Alhajj Nazmul Ahsan Khaled, 20180524_aibl_23nd_AGM_pressAlhajj Abdul Malek Mollah, Alhajj Md. Harun-Ar-Rashid Khan, Alhajj Md. Anowar Hossain, Alhajj Engr. Kh. Mesbah Uddin Ahmed, Alhajj Ahamedul Hoque, Alhajj A N M Yeahea, Alhajj Niaz Ahmed, Alhajj Md. Liakat Ali Chowdhury, Alhajj Anwar Hossain, Founder Chairman Alhajj A.Z.M. Shamsul Alam, Managing Director Md. Habibur Rahman, Deputy Managing Directors, Executive Vice President and Company Secretary Md. Mahmudur Rahman and other executives and large number of Shareholders were present on the occasion.

The Bank achieved growth of 22.58% in Deposit, 20.04% in Investment, 31.92% in Import and 18.59% in Export during the year 2017 compared to 2016. At the end of 2017, the Bank has Net Asset Value (NAV) of Tk.2075.92 Crore and per share NAV of Tk. 20.87 Earning Per Share (EPS) of the Bank stood at Tk.3.15 in 2017. The house considered and adopted the Directors’ Report, Statement of Accounts for the year 2017 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 Abdus Samad Labu thanked the Shareholders for the confidence entrusted on the Board of Directors.