Al-Arafah Islami Bank recommends 17pc dividend | 2019-04-26 | daily-sun.com

Al-Arafah Islami Bank recommends 17pc dividend

Business Desk

26 April, 2019 12:00 AM printer

Al-Arafah Islami

Bank recommends

17pc dividend

Al-Arafah Islami Bank Chairman Abdus Samad Labu presides over the 334th meeting of the board of directors of the bank at its boardroom in the capital on Wednesday.

Al-Arafah Islami Bank Limited recommended 15 percent cash and 2 percent stock dividend for its shareholders for the year ended on 31st December 2018 subject to the approval of the AGM.

The recommendation came at the 334th meeting of the Board of Directors of the Bank, held in Dhaka on Wednesday, said a press release.

Abdus Samad Labu, Chairman of the board presided over the meeting. The meeting also decided that the 24rd Annual General Meeting (AGM) of the bank would be held on 22 June 2019 and record date will be 19 May 2019.


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