Al-Arafah Islami Bank Ltd. has approved 20% Cash Dividend for the year ended on 31st December 2016 in its 22nd Annual General Meeting (AGM) held on 6 May, 2017 at Officers Club, Dhaka. The meeting was presided over by Alhajj Abdus Samad (Labu), Chairman, Board of Directors of the Bank.
Vice Chairman Alhajj Abdus Salam, Directors Badiur Rahman, Alhajj Md. Harun-Ar-Rashid Khan, Alhajj Najmul Ahsan Khaled, Alhajj Abdul Malek Mollah, Alhajj Hafej Md. Enayetullah, Alhajj Ahamedul Haque, Alhajj Engr. Kh. Mesbah Uddin Ahmed, Alhajj Niaz Ahmed, Alhajj Md. Anowar Hossain, Alhajj Mohammed Emadur Rahman, Dr. Shafiul Haidar Chowdhury, Anwar Hossain, Alhajj Md. Liakat Ali Chowdhury, Alhajj Salim Rahman, Khalid Rahim, Amir Uddin PPM, Founder Chairman Alhajj A.Z.M. Shamsul Alam, Managing Director Md. Habibur Rahman, Company Secretary, Deputy Managing Directors, Executive Vice Presidents, Executives, Officers and large number of Shareholders were present on the occasion.
The Bank achieved growth of 18% in Deposit, 21% in Investment, 11% in Import and 11% in Export during the year 2016 compared to 2015. At the end of 2016, the Bank has Net Asset Value (NAV) of Tk.1,961.08 Crore and per share NAV of Tk.19.72. Earning Per Share (EPS) of the Bank stood at Tk.3.07 in 2016 from Tk.2.25 in 2015. The house considered and adopted the Directors' Report, Statement of Accounts for the year 2016 along with Auditors' Report and also appointed the Auditors of the Company for the term until the next Annual General Meeting. The Shareholders participated in the review of the overall performance of the Bank and expressed their satisfaction. They made some valuable suggestions for improvement of performence and image of the Bank.
The Chairman of the Bank Abdus Samad (Labu) thanked the Shareholders for the confidence entrusted on the Board of Directors.