Dhaka, Bangladesh (BBN)-The Board of Directors of Al-Arafah Islami Bank has recommended 14 percent cash dividend for the year ended on December 31, said an office disclosure on Monday.
The final approval of the dividend will be given during a AGM scheduled to be held on March 31 at the Al-Arafah Islami Bank Bhaban in Purana Paltan of Dhaka.
Record date of the company is March 15 this year.
The company has also reported consolidated EPS of BDT 2.20, consolidated NAV per share of BDT 17.51 and consolidated NOCFPS of BDT 4.68 for the year ended on December 31, 2014.
There will be no price limit on the trading of the shares of the company today (Monday) following its corporate declaration.
Last year, the bank disbursed 13.50 percent stock dividend.
BBN/BB/SS-02Mar15-11:00am (BST)