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AIBL Newsroom
Date: 03 Sep, 2020
Al-Arafah Islami Bank Ltd. approves 13% Cash Dividend for 2019

The 25th Annual General Meeting (AGM) of Al-Arafah Islami Bank Ltd. was held on 3 September 2020, Thursday virtually by using a digital platform. The virtual meeting presided over Alhajj Abdus Samad Labu, Chairman, Board of Directors of the Bank. The meeting approved 13% Cash Dividend for the Shareholder as well as Financial Statements of the Bank for the year ended on 31st December 2019.

Vice-Chairman of the Board Alhajj Md. Abdus Salam, Members Alhajj Hafez Md. Enayetullah, Alhajj Salim Rahman, Alhajj Md Liakat Ali Chowdhury, Md. Amir Uddin PPM, Alhajj Abdul Malek Mollah, Alhajj Md. Harun-Ar-Rashid Khan, Alhajj Md. Anowar Hossain, Badiur Rahman, Alhajj Engr. Kh. Mesbah Uddin Ahmed, Alhajj Ahamedul Hoque, Alhajj Abu Naser Mohammad Yeahea, Alhajj Niaz Ahmed, Alhajj Mohammed Emadur Rahman, Md. Rafiqul Islam, M. Kamaluddin Chowdhury, Mahbubul Alam, Managing Director, and CEO Farman R Chowdhury and a large number of Shareholders were present in the Virtual meeting. Senior Executive Vice President and Company Secretary Md. Mahmudur Rahman proposed the agenda in the meeting.

The Bank achieved a growth of 11.66% in Deposit, 10.16% in Investment during the year 2019 compared to 2018. Earning Per Share (EPS) of the Bank stood at Tk. 2.28 in 2019. The house considered and adopted the Directors' Report, Statement of Accounts for the year 2019 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 the improvement of performance 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.

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