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A meeting of the Board of Directors of the Bank held on 25th March, 2009
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The Board of Directors of Islami Bank Bangladesh Limited recommended 30% stock dividend for the Shareholders for the year 2008 subject to the approval of the 26th Annual General Meeting of the Bank.
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This was decided in a meeting of the Board of Directors of the Bank held on 25th March, 2009, Wednesday at the Boardroom of Islami Bank Tower. Presided over by Prof. Abu Nasser Muhammad Abduz Zaher, Chairman, Board of Directors of the Bank the meeting was attended by foreign and local Directors including Yousif Abdullah Al-Rajhi, Representative of Al-Rajhi Company for Industry and Trade, K.S.A., Dr. Abdulhameed Fouad Al-Khateeb, Jeddah, K.S.A. and Wasim Ahmed, Representative of Islamic Development Bank, Jeddah, K.S.A.
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The meeting approved the Profit and Loss Account for the year 2008 and Balance Sheet as at 31 December 2008. The 25th Annual General Meeting (Adjourned) will be held on 17 April, 2009 and the 26th Annual General Meeting on 14 August 2009. The Record Date in connection for entitlement of Dividend has been fixed on July 14, 2009.
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It was also decided, the annual profit rate of Mudaraba Perpetual Bond of the Bank is 13.80% for the year 2008 which is a summation of 10.80% Final Rate of Annual Profit of 8 year term Mudaraba Savings Bond and 10% of the Rate of declared Dividend i.e. 3%. The Profit of the Bond will be distributed within 60 days from holding of Annual General Meeting of the Bank.
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Share price : Sep 09 |
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DSE |
CSE |
| CLOSE |
589.25 |
590.75 |
| %Chg |
1.41 |
1.76 |
| TURNOVER |
177670 |
9800 |
| MPB |
925.75 |
911 |
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