Dhaka, Bangladesh (BBN): The Board of Directors of Al-Arafa Islami Bank has recommended stock dividend @ 17% for the year ended on December 31, 2012, said an office disclosure on Sunday.

The Board has also recommended enhancing its Authorised Capital from BDT 10 billion to BDT 15 billion subject to approval of shareholders in the EGM and Bangladesh Bank.

 Date of EGM & AGM: 14.05.2013, Time of EGM & AGM: 10:00 AM & 10:30 AM respectively, Venue: Bangabandhu International Conference Centre, Sher-e-Bangla Nagar, Dhaka. Record date: 18.04.2013.

The Company has also reported consolidated EPS of BDT 2.38, consolidated NAV per share of BDT 17.45 and consolidated NOCFPS of BDT 11.63 for the year ended on December 31, 2012.

So, there will be no price limit on the trading of the shares of the Company today.

BBN/BB/AD/07April-13-10.48am (BST).