Al-Arafah Islami Bank Ltd. has approved 15% Cash and 5% Stock Dividend for the year ended on 31st December 2018 in its 24th Annual General Meeting (AGM) held on 22 June, 2019 at Al-Arafah Tower, Purana Paltan, Dhaka. The meeting was presided over by Alhajj Abdus Samad Labu, Chairman, Board of Directors of the Bank.
Vice Chairman Alhajj Abdus Salam, Directors Alhaj Hafez Md. Enayetullah, Alhajj Salim Rahman, Alhajj Md. Liakat Chowdhury, Md. Amir Uddin PPM, Alhajj Nazmul Ahsan Khaled, Alhajj Md. Harun-Ar-Rashid Khan, Alhajj Md. Anowar Hossain, Alhajj Badiur Rahman, Alhajj Engr. Kh. Mesbah Uddin Ahmed, Alhajj Ahamedul Hoque, Alhajj Niaz Ahmed, Alhajj Mohammed Emadur Rahman, Dr. Md. Shafiul Haidar Chowdhury, Anwar Hossain, Khalid Rahim, M. Kamaluddin Chowdhury, Managing Director and CEO Farman R Chowdhury, Deputy Managing Directors, other executives and large number of Shareholders were present on the occasion. Senior Executive Vice President and Company Secretary Md. Mahmudur Rahman proposed the agenda in the meeting.
The Bank achieved growth of 8.74% in Deposit, 11.01% in Investment, 7.58% in Import and 9.51% in Export during the year 2018 compared to 2017. Earning Per Share (EPS) of the Bank stood at Tk.2.35 in 2018. The house considered and adopted the Directors' Report, Statement of Accounts for the year 2018 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.