Al-Arafah AGM approves 30pc stock dividend
Tuesday, 9 June 2009
The 14th annual general meeting (AGM) of Al-Arafah Islami Bank Limited has approved 30 per cent stock dividend for the year that ended on December 31, '08.
The approval came at the AGM held in the city Monday. Chairman of the board of directors of the bank Badiur Rahman presided over the meeting, said a press release.
The 11th extraordinary general meeting (EGM) of the bank was also held on the day.
The EGM approved the proposal to raise authorised capital of the bank from Tk 2.50 billion to Tk 5.0 billion.
A large number of shareholders attended the AGM. The shareholders expressed their satisfaction over the performance of the bank and made some valuable suggestions for improvement of the bank.
The directors' report, statement of accounts for the year that ended on December 31, '08 along with auditors' report were placed before the house and approved.
The AGM was told that the bank achieved a whopping 102.08 per cent growth in operating profit, 29.04 per cent in deposit, 29.76 per cent in investment, 20.86 per cent in import and 58.68 per cent in export during the year 2008 compared to 2007.
Among others, Vice Chairman Mir Ahmed Sowdagar, directors Md Harun-ar-Rashid Khan, Nazmul Ahsan Khaled, Abdul Malek Mollah, Hafej Md Enayetullah, Kazi Md Mofizur Rahman, Abdul Moktadir, Ahamedul Haque, Abdus Samad, Kh Mesbahuddin Ahmed, former chairmen AZM Shamsul Alam and Md Anowar Hossain and Managing Director MA Samad Sheikh were present at the AGM, the release added.
The approval came at the AGM held in the city Monday. Chairman of the board of directors of the bank Badiur Rahman presided over the meeting, said a press release.
The 11th extraordinary general meeting (EGM) of the bank was also held on the day.
The EGM approved the proposal to raise authorised capital of the bank from Tk 2.50 billion to Tk 5.0 billion.
A large number of shareholders attended the AGM. The shareholders expressed their satisfaction over the performance of the bank and made some valuable suggestions for improvement of the bank.
The directors' report, statement of accounts for the year that ended on December 31, '08 along with auditors' report were placed before the house and approved.
The AGM was told that the bank achieved a whopping 102.08 per cent growth in operating profit, 29.04 per cent in deposit, 29.76 per cent in investment, 20.86 per cent in import and 58.68 per cent in export during the year 2008 compared to 2007.
Among others, Vice Chairman Mir Ahmed Sowdagar, directors Md Harun-ar-Rashid Khan, Nazmul Ahsan Khaled, Abdul Malek Mollah, Hafej Md Enayetullah, Kazi Md Mofizur Rahman, Abdul Moktadir, Ahamedul Haque, Abdus Samad, Kh Mesbahuddin Ahmed, former chairmen AZM Shamsul Alam and Md Anowar Hossain and Managing Director MA Samad Sheikh were present at the AGM, the release added.