AIBL approves 15% dividends

Al-Arafah Islami Bank Ltd (AIBL) has approved 15 percent dividends, including 12 percent cash dividend, for the year that ended on December 31, 2022.

The approval was given at the bank's 28th annual general meeting (AGM) held virtually yesterday, said a press release.

Salim Rahman, chairman of the bank, presided over the meeting, where Abu Naser Mohammad Yeahea, vice-chairman, Abdus Samad Labu, executive committee chairman, Md Abdus Salam, executive committee vice-chairman, Liakat Ali Chowdhury, risk management committee chairman, and Mahbubul Alam, board audit committee chairman, were present.

The bank achieved growth of 16.40 percent in deposit and 20.51 percent in investment during the year 2022 compared to 2021.

The earnings per share (EPS) of the bank stood at Tk 1.90 in 2022.

Among others, Farman R Chowdhury, managing director and CEO, and Mohammed Nizam Uddin Bhuiyan, company secretary, along with a large number of shareholders were present.