Prof. Abu Nasser Muhammad Abduz Zaher, chairman of Islami Bank Bangladesh Ltd, presides over a board meeting of the bank at Islami Bank Tower in the capital Thursday.

The Board of Directors of Islami Bank Bangladesh Limited recommended 17 percent stock and 8 percent cash dividends for its shareholders for the year 2012 subject to approval from the bank’s 30th AGM.

It was decided at a meeting of the board of directors of the bank held at Islami Bank Tower in Dhaka on Thursday.

Prof Abu Nasser Md Abduz Zaher, Chairman of Board of Directors of the bank presided over the AGM.

Engr Mustafa Anwar, Vice Chairman and Representative of The Public Institutions for Social Security, Kuwait, Engr Md Eskander Ali Khan,

Chairman of Executive Committee and Representative of Al-Rajhi Co. for Industry & Trade, KSA, Prof Dr NRM Borhan Uddin, Chairman of Audit Committee, Md Abul Hossain,

Representative of Investment Corporation of Bangladesh, Adnan Midani, Outgoing Representative of Islamic Development Bank and Dr Areef Suleman, Representative of IDB, attended the meeting.