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IFIC Bank okays 10pc stock dividends Holds EGM, AGM


Bangladeshpost
Published : 04 Jul 2019 08:06 PM | Updated : 07 Sep 2020 04:11 PM

BP Business Desk

IFIC Bank Limited organised an Extraordinary General Meeting (EGM) and the 42nd Annual General Meeting (AGM) at Officers’ Club in Dhaka on Thursday.  Vice-Chairman of the Board of Directors of the Bank Ahmed Shayan Falzur Rahman presided over the meeting. Among others, Directors of the Bank Ms. Rabeya Jamali, Jalal Ahmed, A.R.M. Nazmus Sakib, Ms. Quamrun Naher Ahmed, Managing Director & CEO M Shah A Sarwar and Company Secretary Md. Mokammel Hoque attended the meeting. 

A good number of shareholders of the bank were present at the AGM and EGM. The audited financial statement of the bank for the year ended on 31 December 2018 and the proposal of 10 percent stock dividend for the shareholders were approved at the AGM. The participants at the EGM also approved the rights shares at 1R:1.

Referring to different challenges and resolving those issues, Ahmed Shayan Fazlur Rahman concluded both of the meetings by expressing the hope that the organization will continue to grow with sincere efforts of all concerned.