Al-Arafah Islami Bank Ltd. has recommended 17% Stock Dividend for the year ended on 31st December 2012 subject to the approval of the Annual General Meeting (AGM). The decision was taken in the 237th meeting of the Board of Directors of the Bank, held in Dhaka on 4 April 2013. Mr. Badiur Rahman, Chairman of the Board presided over the meeting. The meeting also decided that the 18th Annual General Meeting (AGM) of the Bank would be held on 14th May 2013. Members of the Board, Managing Director of the Bank and Company Secretary were present in the meeting.