Dhaka, Bangladesh (BBN)-The board of directors of Al-Arafa Islami Bank has recommended 10 per cent cash dividend and 5.0 per cent stock dividend for the year ended on December 31, 2015, said an official disclosure on Tuesday.
The final approval will come during the annual general meeting (AGM) scheduled to be held on April 27 at 9:30am at the bank’s head office Purana Paltan, Dhaka.
The record date is on April 10.
The company has also reported consolidated earnings per share (EPS) of BDT 2.36, consolidated net asset value (NAV) per share of BDT 18.50 and consolidated net operating cash flow per share (NOCFPS) of BDT 6.65 for the year ended on December 31, 2015.
There will be no price limit on the trading of the shares of the bank today following its corporate declaration. Monday’s closing price of each Al-Arafa Bank’s share was BDT 14.4.