Dhaka, Bangladesh (BBN)– Al Arafah Islami Bank Limited (AIBL) has recommended changes of authorized capital of the bank from BDT 5.0 billion to BDT 10 billion and market lot of its shares from 250 to 100 subject to any change by or approval of SEC and the central bank.

The recommendation of changes came at the 206th meeting of the board of directors of the bank at its head office in Dhaka on Thursday with AIBL Board of Directors Chairman Badiur Rahman in the chair.

The meeting also decided that the 15th extraordinary general meeting (EGM) of the bank would be held on February 27, 2011, the commercial bank said.

BBN/SI/AD-16Jan11-2:47 am (BST)