IBBL board recommends 18pc dividend

The Board of Directors of Islami Bank Bangladesh Limited (IBBL) has recommended a total of 18 per cent (10pc stock and 8pc cash) dividend for the shareholders for the year of 2013 subject to the approval of the 31st annual general meeting of the bank. This was decided at a meeting of the board of directors of the bank held at Islami Bank Tower on Saturday with Prof Abu Nasser Muhammad Abduz Zaher, Chairman, board of directors of the bank, in the chair, said a press release. The meeting approved the profit and loss account for the year of 2013 and balance sheet as on December 31, 2013. The 31st annual general meeting will be held on May 31, 2014 at Bangabandhu International Conference Centre. The record date for dividend has been fixed on April 30, 2014, according to a news agency.