Al-Arafah Islami Bank recommends 15pc dividend

Business Desk :
The Board of Directors of Al-Arafah Islami Bank PLC has recommended 15 percent dividend for its shareholders for the year ended on December 31, 2023. The dividend distribution will be 10 percent cash and 5 percent stock. The decision was taken in the 399th meeting of the Board of Directors of the Bank held on Thursday at its head office.

Abdus Samad Labu, Chairman of the board presided over the meeting. The board has also fixed date of the 29th virtual Annual General Meeting (AGM) of the bank to be held on 18th August 2024 and Record Date will be 9th June 2023.

Abu Naser Mohammad Yeahea, Vice Chairman along with Mohammad Abdus Salam, Mahbub Ahmed, Md. Abdul Hamid Miah, Ahamedul Hoque, Niaz Ahmed, Mohammad Emadur Rahman, Liakat Ali Chowdhury, Md. Anowar Hossain, Nasir Uddin, Md. Rafiqul Islam, Anwar Hossain, Md. Kamrul Hasan Siddiqui, Quazi Osman Ali, AAM Zakaria, M. Kamal Uddin Chowdhury, Mahbubul Alam, directors, Farman R Chowdhury, Managing Director and CEO, Mohammed Nizam Uddin Bhuiyan, company secretary and other senior executives of the bank were present.