S M Shameem Iqbal, Vice Chairman, Al-Arafah Islami Bank Ltd, speaks at the 18th AGM at Bangabandhu International Conference Centre in Dhaka Tuesday.

Al-Arafah Islami Bank Ltd approved 17 percent dividend in the form of bonus share for the year ended on 31 December, 2012.

The approval was given at the 18th Annual General Meeting (AGM) of the bank held at Bangabandhu International Conference Centre in Dhaka Tuesday, said a press release.

Prior to that, the 16th Extraordinary General Meeting (EGM) was held at the same venue and same date.

The EGM approved a proposal to raise Authorized Capital of the Bank from 1,000 crore to Tk 1,500 crore, subject to approval of regulatory authorities. The meeting presided over by Jb. Badiur Rahman, Chairman, Board of Directors of the Bank.

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