Published:  02:16 AM, 30 June 2020

AIBL recommends 13pc cash dividend

Al-Arafah Islami Bank Ltd (AIBL) has recommended 13 percent cash dividend for the year ended on 31st December 2019 subject to the approval of the 25th Annual General Meeting (AGM). The decision was taken in the 348th meeting of the Board of Directors of the Bank, held on June 28, 2020, Sunday via video conference.

The bank's board chairman Alhajj Abdus Samad Labu presided over the virtual meeting and also decided that the 25th virtual Annual General Meeting (AGM) of the bank would be held on 3rd September 2020 and record date will be 30th July 2020.The board's Vice-Chairman Alhajj Md Abdus Salam along with other board members and senior executives were present in the virtual meeting.

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