Al-Arafah Islami Bank Ltd. has recommended 13.5% Stock Dividend for the year ended on 31st December 2013 subject to the approval of the Annual General Meeting (AGM), says a press release.

The decision was taken in the 254th meeting of the Board of Directors of the Bank, held in Dhaka on 27 February 2014. Mr. Badiur Rahman,

Chairman of the Board presided over the meeting. The meeting also decided that the 19th Annual General Meeting (AGM) of the Bank would be held on 30th March 2014.

Vice Chairman of the Board Alhajj S M Shameem Iqbal, Members Alhajj Md.

Harun-Ar-Rashid Khan, Alhajj Abdul Malek Mollah, Alhajj Hafez Md. Enayet Ullah, Alhajj Abdul Moktadir, Alhajj Ahamedul Haque, Alhajj Abdus Samad, Alhajj Kh. Engr.

Mesbah Uddin Ahmed, Alhajj Abdus Salam, Alhajj Niaz Ahmed,

Mr. Emadur Rahman, Doc. Md. Shafiul Haidar Chowdhury, Brig. Gen. (Retd.) M. A. Malek, Mr. Kazi Badruddin Ahmed,

Managing Director of the Bank Mr. Md. Habibur Rahman, Company Secretary and Deputy Managing Directors were present during the meeting.