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Search date: 22-12-2017 Return to current date: Click here

AB Bank approves 12.50pc stock dividend

December 22, 2017 00:00:00


Vice Chairman of the Board of Directors of AB Bank Ltd Salim Ahmed presiding over the 35th Annual General Meeting (AGM) of the bank at a city hotel on Thursday.

The 35th Annual General Meeting (AGM) of AB Bank Ltd was held at a city hotel on Thursday.

The AGM approved 12.50 per cent stock dividend for the year ended in 2016, according to a statement.

The AGM also adopted directors' report and audited financial statements and appointed Moshtaque Ahmed Chowdhury, Shajir Ahmed and Mrs Shireen Scheik Mainuddin as directors. Shareholders also appointed M/S SF Ahmed & Co, Chartered Accountants, as statutory auditor of the bank for the year 2017.

An Extraordinary General Meeting (EGM) of the bank was also held on the same day at 10:20am. Shareholders approved to readjust proposed Rights Issue of the bank from 5:4R to 3:2R after giving effect of Stock Dividend 2016 at a price of Tk 10 each subject to approval of the concerned Regulatory Authorities.

The AGM was presided over by Vice Chairman of the Board of Directors Salim Ahmed. President & Managing Director Moshiur Rahman Chowdhury was also present on the occasion.


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