Al-Arafah bank approves 20pc stock dividend
FE Report | Monday, 14 July 2008
Al-Arafah Islami Bank Ltd approved 20 per cent dividend in the form of bonus share for the year 2007 at its 13th annual general meeting (AGM) held at BDR Darbar Hall in the city Sunday.
Al-Arafah bank Chairman Md Anowar Hossain presided over the meeting.
Vice Chairman Mir Ahmed Sowdagar, directors Md Harun-ar-Rashid Khan, Ahmed Ali, Nazmul Ahsan Khaled, Abdul Malek Mollah, Hafej Md Enayetullah, Kazi Md Mofizur Rahman, Badiur Rahman, Ahamedul Haque, Abdus Samad, Khandokar Mesbahuddin Ahmed, former directors AZM Shamsul Alam, Badsha Meah, Niaj Ahmed, Shariah Board Chairman Md Siddiqur Rahman, Managing Director MA Samad Sheikh, additional managing director, executive vice presidents, company secretary, executives, officers and a large number of shareholders were present on the occasion.
The AGM considered and adopted the directors' report, statement of accounts for the year 2007 along with auditors' report and also appointed the auditors of the company for the term until the next annual general meeting.
The bank achieved growth of 45.05 per cent in deposit, 31.47 per cent in investment, 43.68 per cent in import and 39.07 per cent in export during the year 2007 compared to 2006.
The bank also reduced its classified investment to a large extent. At the end of 2007, classified investment of the bank stood at 3.72 per cent.
Al-Arafah bank Chairman Md Anowar Hossain presided over the meeting.
Vice Chairman Mir Ahmed Sowdagar, directors Md Harun-ar-Rashid Khan, Ahmed Ali, Nazmul Ahsan Khaled, Abdul Malek Mollah, Hafej Md Enayetullah, Kazi Md Mofizur Rahman, Badiur Rahman, Ahamedul Haque, Abdus Samad, Khandokar Mesbahuddin Ahmed, former directors AZM Shamsul Alam, Badsha Meah, Niaj Ahmed, Shariah Board Chairman Md Siddiqur Rahman, Managing Director MA Samad Sheikh, additional managing director, executive vice presidents, company secretary, executives, officers and a large number of shareholders were present on the occasion.
The AGM considered and adopted the directors' report, statement of accounts for the year 2007 along with auditors' report and also appointed the auditors of the company for the term until the next annual general meeting.
The bank achieved growth of 45.05 per cent in deposit, 31.47 per cent in investment, 43.68 per cent in import and 39.07 per cent in export during the year 2007 compared to 2006.
The bank also reduced its classified investment to a large extent. At the end of 2007, classified investment of the bank stood at 3.72 per cent.