Shahjalal Islami Bank okays 25pc stock dividend

The shareholders of Shahjalal Islami Bank Limited in their 9th AGM and EGM approved 25 per cent stock dividend for the year 2009 and increased authorized capital of the bank from Tk. 400 crore to Tk. 600 crore. Both the meetings were presided over by the chairman of the board of directors of the bank Alhaj Engr Md. Towhidur Rahman, says a press release.
The directors report and the audited accounts for the year ended on December 31, 2009 were unanimously approved at the AGM.
The meeting also discussed various issues relating to banking policies and stressed the need for procuring more deposits and making productive investments.

Courtesy of The Independent