AB Bank approves no dividend at 36th AGM

The 36th annual general meeting (AGM) of AB Bank Limited was held at International Convention City Bashundhara on Sunday, according to a statement.

The board of directors proposed "no dividends" for the year 2017 which was approved by the shareholders unanimously.

The AGM was presided over by M. A. Awal, chairman of the board. Other directors and President & Managing Director Moshiur Rahman Chowdhury were also present.

The meeting elected Barrister Khairul Alam Choudhury and re-elected Feroz Ahmed and Md. Mesbahul Haque as directors of the bank, the statement said.

The meeting also adopted directors' report, auditor's report, audited financial statements, and unanimously approved appointment of M/s. S.F. Ahmed & Co. Chartered Accountants, as Statutory Auditors of the bank for the year 2018.

AB Bank Limited completed its 36th year of operation on April 12, 2018.

Net Asset Value (NAV) stood at Tk. 22.77 billion and total asset of the bank stood at Tk. 314.56 billion in 2017.

A good number of shareholders participated in the deliberations. The AGM was also attended by patrons and well-wishers of the bank, the statement added.