Dhaka, Bangladesh (BBN)- The shareholders of International Leasing and Financial Services Limited (ILFSL) has approved stock dividend of 5.0 per cent for the year 2011.
The approval came from the 16th Annual General Meeting (AGM) of the company held at Spectra Convention Centre in the capital Dhaka recently.
Mahbub Jamil, Chairman of the company presided over the meeting. The members of the Board of Directors, a large number of shareholders and officials of the Company were also present in the meeting.
He also expressed his satisfaction on obtaining of Merchant Banking license in the name of IL Capital Limited (ILCL), a fully owned new subsidiary of ILFSL, which is expected to commence its operation from the middle of this year. He mentioned that commencement of ILCL will open up a new income stream for ILFSL.
The ILFSL also offering brokerage services under membership license of Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) through its fully owned subsidiary International Leasing Securities Limited (ILSL) with branches in Dhaka, Chittagong and Sylhet.
BBN/SSR/AD-12May12-10:26 am (BST)
