IBBL AGM approved 20% cash dividend

IBBL AGM approved 20% cash dividend

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Islami Bank Bangladesh Limited approved 20% cash dividend for the shareholders for the year 2015. The dividend was approved in the 33rd Annual General Meeting of the Bank held on June 2, 2016, Thursday at Bangabandhu International Conference Centre, Dhaka. The meeting approved the balance sheet ended at 31st December 2015, Profit and Loss Account and Reports of the Directors and Auditors of the Bank. Engr. Mustafa Anwar, chairman of the bank presided over the meeting. Mohammad Abdul Mannan, Managing Director & CEO and Sheikh Moulana Mohammad Qutubuddin, Chairman of the Shari`ah Supervisory Committee along with directors from home & abroad and shareholders of the bank were present in the meeting.
Dr. Areef Suleman, representative of IDB was reelected and A N M Sayeedul Haque Khan was elected directors in the meeting. Besides, the meeting approved the appointments of Professor Dr. Qazi Shahidul Alam, Major General (Retd.) Engr. Abdul Matin and Md. Syful Islam, FCA, FCMA as shareholder directors while M. Azizul Huq, Professor Syed Ahsanul Alam, Helal Ahmed Chowdhury, Shamim Mohammed Afzal, Md. Abdul Mabud, P.P.M., Mohammed Humayun Kabir, FCA, Borhan Uddin Ahmed and Dr. Md. Zillur Rahman as Independent Directors.
Engr. Mustafa Anwar said in his presidential address, as a trusted and beloved bank, the Islami Bank has been playing vital role in the economic development of the country through investment and financial services in major sectors including industries, trade, export-import, SMEs, IT, agriculture, rural investment, infrastructure, housing, transportation, employment generation and women empowerment. RMG and remittance are the major pillars of Bangladesh economy of which Islami Bank keeps the highest contribution.
As recognition of compliance, Singapore based The Asian Banker recently conferred Islami Bank `The Best Managed Bank in Bangladesh’ award he said adding that Managing Director of the bank also received ‘Asian Banker CEO Leadership Achievement Award’ for his dynamic leadership. He, however, expressed gratitude to the Government, Bangladesh Bank, the regulatory authorities, shareholders, million of customers, well-wishers and mass people for success of the bank. He assured of the proper implementation of the suggestions from the shareholders this year like previous years.

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