Islami Bank Bangladesh recommends 25pc dividend
The Board of Directors of Islami Bank Bangladesh Limited (IBBL) has recommended a 25 percent dividend i.e. 15 percent cash and 10 percent stock dividend (1 bonus share against 10 existing shares) for the shareholders for the year 2006. The dividend is subject to the approval of the annual general meeting of the bank, says a press release. The recommendation was made at a meeting of the Board of Directors of the bank held in Dhaka recently. Professor Abu Nasser Muhammad Abduz Zaher, chairman of the bank, presided over by the meeting which was attended by local and foreign directors including Dr Abdulhameed Fouad Al-Khateeb and Dr Ali M S Alghamdy from KSA. The meeting approved the profit and loss account for the year 2006 and balance sheet as at December 31, 2006. The 24th annual general meeting of the bank will be held on August 31, 2007 while the record date for entitlement of dividend will be July 31, 2007.
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