Dhaka, Bangladesh (BBN) - Al-Arafa Islami Bank Limited has recommended 20 per cent cash dividend for the year ended on December 31, 2016, said an official disclosure on Wednesday.
The board of directors of final approval will come during the annual general meeting scheduled to be held on May 6 at 10am at Officers Club in Dhaka.
The record date for entitlement of dividend is on April 18.
The bank has also reported consolidated earnings per share (EPS) of BDT 3.07, consolidated net asset value (NAV) per share of BDT 19.72 and consolidated net operating cash flow per share (NOCFPS) of BDT 11.18 for the year ended on December 31, 2016 as against BDT 2.25, BDT 17.62 and BDT 6.33 respectively for the same period of the previous year.
There will be no price limit on the trading of the shares of the bank today following its corporate declaration.
Each share of Al-Arafa Bank, which was listed on the Dhaka bourse in 1998, closed at BDT 21 each on Tuesday.
BBN/SK/AD