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Al-Arafah Islami Bank approves 15pc cash dividend

  • Staff Correspondent
  • 11 August, 2021 12:00 AM
  • Print news

Al-Arafah Islami Bank Limited approved 15 percent cash dividend for its shareholders for the year 2020.

The approval came at the 26th Annual General Meeting (AGM) of the bank held on Monday virtually, said a press release.

 The virtual meeting was presided over Abdus Samad Labu, Chairman, Board of Directors of the Bank.

The meeting approved 15 percent cash dividend for the shareholders as well as financial statements of the bank for the year ended on 31st December 2020.

Vice-Chairman of the Board Md Abdus Salam, members Salim Rahman, Hafez Md. Enayetullah, Badiur Rahman, Mahbubul Alam, Md Liakat Ali Chowdhury, Abdul Malek Mollah, Md. Harun-Ar-Rashid Khan, Md. Anowar Hossain, Engr. Kh. Mesbah Uddin Ahmed, Ahamedul Hoque, Abu Naser Mohammad Yeahea, Niaz Ahmed, Md. Rafiqul Islam, Md. Amir Uddin, M. Kamaluddin Chowdhury, Managing Director and CEO Farman R Chowdhury and large number of shareholders were present in the virtual meeting.

The bank achieved growth of 9.68 percent in deposit, 5.87 percent in investment during the year 2020 compared to 2019.

The shareholders participated in the review of the overall performance of the bank and expressed their satisfaction.

The Chairman of the bank Abdus Samad Labu thanked the shareholders for the confidence entrusted on the board of directors.