DSE:ALARABANK

Al-Arafah Islami Bank PLC. announcements

623 Dhaka Stock Exchange announcements for Al-Arafah Islami Bank PLC. (ALARABANK) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2011 (52).

  1. Al-Haj Abdul Malek Mollah, one of the Sponsors/Directors of the Bank, has further reported that he has completed his buy

    Al-Haj Abdul Malek Mollah, one of the Sponsors/Directors of the Bank, has further reported that he has completed his buy of 9,00,000 shares of the Bank at prevailing market price through Stock Exchange as announced earlier.

  2. Alhaj Abdus Salam, one of the Directors of the Bank, has further reported that he has completed his buy of 2,00,000 shar

    Alhaj Abdus Salam, one of the Directors of the Bank, has further reported that he has completed his buy of 2,00,000 shares of the Bank at prevailing market price through Stock Exchange as announced earlier.

  3. Al-Haj Abdul Malek Mollah, one of the Sponsors/Directors of the Bank, has further reported that he has completed his buy

    Al-Haj Abdul Malek Mollah, one of the Sponsors/Directors of the Bank, has further reported that he has completed his buy of 6,00,000 shares of the Bank at prevailing market price through Stock Exchange as announced earlier.

  4. Alhaj Abdus Salam, one of the Directors of the Bank, has expressed his intention to buy 2,00,000 shares in addition to h

    Alhaj Abdus Salam, one of the Directors of the Bank, has expressed his intention to buy 2,00,000 shares in addition to his current holding of 82,81,891 shares of the Bank at prevailing market price through Stock Exchange within next 30 working days.

  5. Al-Haj Abdul Malek Mollah, one of the Sponsors/Directors of the Bank, has expressed his intention to buy 6,00,000 shares

    Al-Haj Abdul Malek Mollah, one of the Sponsors/Directors of the Bank, has expressed his intention to buy 6,00,000 shares in addition to his current holding of 94,73,627 shares of the Bank at prevailing market price through Stock Exchange within next 30 working days.

  6. Al-Haj Abdul Malek Mollah, one of the Sponsors/Directors of the Bank, has reported his intention to buy 9,00,000 shares

    Al-Haj Abdul Malek Mollah, one of the Sponsors/Directors of the Bank, has reported his intention to buy 9,00,000 shares of the Bank at prevailing market price through Stock Exchange within next 30 working days.

  7. Al-Haj Abdul Malek Mollah, one of the Sponsors/Directors of the Bank, has reported his intention to buy 6,00,000 shares

    Al-Haj Abdul Malek Mollah, one of the Sponsors/Directors of the Bank, has reported his intention to buy 6,00,000 shares of the Bank at prevailing market price through Stock Exchange within next 30 working days.

  8. Mr. Niaz Ahmed, one of the Sponsors/Directors of the Bank, has reported his intention to buy 14,00,000 shares of the Ban

    Mr. Niaz Ahmed, one of the Sponsors/Directors of the Bank, has reported his intention to buy 14,00,000 shares of the Bank at prevailing market price through Stock Exchange within next 30 working days.

  9. Al-hajj Dr. Bahauddin Mohammad Yousuf, one of the Sponsors/Directors of the Bank, has further reported that he has compl

    Al-hajj Dr. Bahauddin Mohammad Yousuf, one of the Sponsors/Directors of the Bank, has further reported that he has completed his acquisition of 7,73,618 shares of the Bank from his wife Mrs. Fatema by way of gift outside the trading system of the Exchange as announced earlier.

  10. (Q3): As per un-audited quarterly accounts for the 3rd quarter ended on 30th September 2011 (July'11 to Sep'11), the Ban

    (Q3): As per un-audited quarterly accounts for the 3rd quarter ended on 30th September 2011 (July'11 to Sep'11), the Bank has reported consolidated net profit after tax (excluding minority interest) of Tk. 524.19 million with consolidated EPS of Tk. 0.89 as against Tk. 259.36 million and Tk. 0.44 respectively for the same period of the previous year. Whereas consolidated net profit after tax (excluding minority interest) was Tk. 1,521.93 million with consolidated EPS of Tk. 2.58 for the period of nine months (Jan'11 to Sep'11) ended on 30.09.11 as against Tk. 1,054.05 million and Tk. 1.79 respectively for the same period of the previous year.

  11. Al-hajj Dr. Bahauddin Mohammad Yousuf, one of the Sponsors/Directors of the Bank, has reported his intention to acquire

    Al-hajj Dr. Bahauddin Mohammad Yousuf, one of the Sponsors/Directors of the Bank, has reported his intention to acquire 7,73,618 shares of the Bank from his wife Mrs. Fatema by way of gift outside the trading system of the Exchange within 31st October, 2011.

  12. The Bank has informed that the Board of Directors of the Bank has taken decision to purchase 1,304 sft. (approx.) floor

    The Bank has informed that the Board of Directors of the Bank has taken decision to purchase 1,304 sft. (approx.) floor area with proportionate land at 50/1, Shantinagar, Inner Circular (VIP) Road, Noyapaltan, Dhaka at a cost of Tk. 22,000.00 per sft. totaling Tk. 3,22,74,000.00 including registration cost (Price of Floor Space Tk. 2,86,88,000.00 + Registration Cost Tk. 35,86,000.00) subject to obtaining approval from Bangladesh Bank..

  13. The Bank has informed that the Board of Directors of the Bank, among others, has taken decision to purchase 7.00 katha o

    The Bank has informed that the Board of Directors of the Bank, among others, has taken decision to purchase 7.00 katha of land at 63/1, Purana Paltan, Dhaka from Badrunnesa & others at a cost of Tk. 3,50,00,000.00 per katha totaling Tk. 27,68,50,000.00 including registration cost (price of land Tk. 24,50,00,000.00 + registration cost Tk. 3,18,50,000.00) subject to approval from Bangladesh Bank.

  14. The Bank has informed that the Board of Directors of the Bank has taken decision to purchase 4,000 sft. (approx.) floor

    The Bank has informed that the Board of Directors of the Bank has taken decision to purchase 4,000 sft. (approx.) floor area with proportionate land at Matuail New Market Bhaban, Konapara, Demra at a cost of Tk. 14,000.00 per sft. totaling Tk. 6,30,00,000.00 including registration cost (price of floor space Tk. 5,60,00,000.00 + registration cost Tk. 70,00,000.00 approx.) subject to the approval from Bangladesh Bank.

  15. Mr. Mohammad Yahya, one of the Sponsors/Directors of the Bank, has further reported that he has completed his sale of 1,

    Mr. Mohammad Yahya, one of the Sponsors/Directors of the Bank, has further reported that he has completed his sale of 1,00,000 shares of the Bank at prevailing market price through Stock Exchange as announced earlier.

  16. Al-hajj Dr. Bahauddin Mohammad Yousuf, one of the Sponsors/Directors of the Bank, has further reported that he has compl

    Al-hajj Dr. Bahauddin Mohammad Yousuf, one of the Sponsors/Directors of the Bank, has further reported that he has completed his acqusition of 21,08,351 shares of the Bank from his wife Mrs. Maleka Akhter by way of gift outside the trading system of the Exchange as announced earlier.

  17. Mr. Md. Harun Ar Rashid Khan, one of the Sponsors/Directors of the Bank, has reported his intention to sell 15,000 share

    Mr. Md. Harun Ar Rashid Khan, one of the Sponsors/Directors of the Bank, has reported his intention to sell 15,000 shares out of his total holdings of 64,00,531 shares of the Bank at prevailing market price through Stock Exchange within next 30 working days.

  18. Al-hajj Dr. Bahauddin Mohammad Yousuf, one of the Sponsors/Directors of the Bank, has reported his intention to acquire

    Al-hajj Dr. Bahauddin Mohammad Yousuf, one of the Sponsors/Directors of the Bank, has reported his intention to acquire 21,08,351 shares of the Bank from his wife Mrs. Maleka Akhter by way of gift outside the trading system of the Exchange within next 30 working days from the date of issuance of approval letter by DSE.

  19. (H/Y): As per un-audited half yearly accounts as on 30.06.11 (Jan' 11 to June' 11), the Bank has reported consolidated p

    (H/Y): As per un-audited half yearly accounts as on 30.06.11 (Jan' 11 to June' 11), the Bank has reported consolidated profit after tax (excluding minority interest) of Tk. 997.74 million with consolidated EPS of Tk. 1.69 as against Tk. 794.69 million and Tk. 1.35 respectively for the same period of the previous year. Whereas consolidated profit after tax (excluding minority interest) was Tk. 542.76 million with consolidated EPS of Tk. 0.92 for the period of 3 months (Apr' 11 to June' 11) ended on 30.06.11 as against Tk. 410.66 million and Tk. 0.70 respectively for the same period of the previous year.

  20. Mr. Mohammad Yahya, one of the Sponsors/Directors of the Bank, has reported his intention to sell 1,00,000 shares out of

    Mr. Mohammad Yahya, one of the Sponsors/Directors of the Bank, has reported his intention to sell 1,00,000 shares out of his total holdings of 2,55,528 shares of the Bank at prevailing market price through Stock Exchange within next 30 working days.

  21. In response to a DSE query, the Bank has informed that there is no undisclosed price sensitive information of the Bank f

    In response to a DSE query, the Bank has informed that there is no undisclosed price sensitive information of the Bank for recent unusual price hike.

  22. The Credit Rating Agency of Bangladesh Limited (CRAB) has announced the surveillance rating of the Bank as A1 in the lon

    The Credit Rating Agency of Bangladesh Limited (CRAB) has announced the surveillance rating of the Bank as A1 in the long term and ST-2 in the short term based on audited financial statements of the Bank up to 31st December 2010 and other relevant quantitative as well as qualitative information up to the date of rating declaration.

  23. The Bank has informed that it has credited the Bonus shares for the year 2010 to the respective shareholders' BO Account

    The Bank has informed that it has credited the Bonus shares for the year 2010 to the respective shareholders' BO Accounts on 12.06.11.

  24. The Bank has informed that the Board of Directors of the Bank has re-elected Janab Badiur Rahman as Chairman and Janab S

    The Bank has informed that the Board of Directors of the Bank has re-elected Janab Badiur Rahman as Chairman and Janab Sarker Mohammad Shameem Iqbal as Vice Chairman of the Bank with immediate effect.

  25. In response to a DSE query, the Bank has informed that there is no undisclosed price sensitive information of the Bank f

    In response to a DSE query, the Bank has informed that there is no undisclosed price sensitive information of the Bank for recent unusual price hike.

  26. The Bank has further informed that due to unavoidable circumstances the venue of the 16th AGM of the Bank has been chang

    The Bank has further informed that due to unavoidable circumstances the venue of the 16th AGM of the Bank has been changed and now be held at Officers Club, 26, Baily Road, Dhaka instead of Golf Garden, Army Golf Club, Dhaka on 06.06.2011 at 10:00 AM. Other information of the AGM as announced earlier shall remain unchanged.

  27. (Q1): As per un-audited quarterly accounts for the 1st quarter ended on 31st March 2011 (Jan'11 to March'11), the Bank h

    (Q1): As per un-audited quarterly accounts for the 1st quarter ended on 31st March 2011 (Jan'11 to March'11), the Bank has reported consolidated net profit after tax and minority interest of Tk. 454.98 million with basic consolidated EPS of Tk. 0.97 as against Tk. 384.03 million and Tk. 1.64 respectively for the same period of the previous year. However, considering proposed bonus share @ 26% for the year 2010, restated consolidated EPS will be Tk. 0.77 as on 31.03.2011 and Tk. 1.08 as on 31.03.2010.

  28. The Bank has informed that the Board of Directors of the Bank has decided to purchase 9,000 sft. approx. (1st floor) flo

    The Bank has informed that the Board of Directors of the Bank has decided to purchase 9,000 sft. approx. (1st floor) floor area with proportionate land at Rahman Mansion, 161, Motijheel C/A, Dhaka-1000 at a cost of Tk. 18,000.00 per sft. totaling Tk. 18,22,50,000.00 including registration cost subject to obtaining approval from Bangladesh Bank.

  29. The Bank has further informed that the 16th AGM of the Bank has been re-fixed on 06.06.2011 at 10:00 AM at Golf Garden,

    The Bank has further informed that the 16th AGM of the Bank has been re-fixed on 06.06.2011 at 10:00 AM at Golf Garden, Army Golf Club, Dhaka Cantonment, Airport Road, Dhaka. Other information of the AGM will remain unchanged.

  30. Alhaj Md. Harun Ar Rashid Khan, one of the Sponsors/Directors of the Bank, has further reported that he has completed hi

    Alhaj Md. Harun Ar Rashid Khan, one of the Sponsors/Directors of the Bank, has further reported that he has completed his buy of 1,00,000 shares of the Bank at prevailing market price through Stock Exchange as announced earlier.

  31. (Repeat): The Bank has further informed that due to unavoidable circumstances the 16th AGM of the Bank scheduled to be h

    (Repeat): The Bank has further informed that due to unavoidable circumstances the 16th AGM of the Bank scheduled to be held on 10.05.2011 has been postponed by the Board of Directors. The venue, date and time of the 16th AGM of the Bank will be notified later on. Other information of the AGM will remain unchanged.

  32. Alhaj Md. Harun Ar Rashid Khan, one of the Sponsors/Directors of the Bank, has reported his intention to buy 1,00,000 sh

    Alhaj Md. Harun Ar Rashid Khan, one of the Sponsors/Directors of the Bank, has reported his intention to buy 1,00,000 shares of the Bank at prevailing market price through Stock Exchange within next 30 working days.

  33. (continuation of news of ALARABANK): Qualified Opinion: In our opinion, except for the effects of the matters described

    (continuation of news of ALARABANK): Qualified Opinion: In our opinion, except for the effects of the matters described in the Basis for Qualified Opinion paragraph, the financial statements referred to above which has been prepared in accordance with Bangladesh Financial Reporting Standards give a true and fair view of the state of affairs of the Bank and its subsidiary as at 31.12.10, and of their financial performance and cash flows for the year then ended and comply with the Companies Act 1994, the Bank Companies Act 1991, the rules and regulations issued by Bangladesh Bank, the Securities and Exchange Rules 1987 and other applicable laws and regulations" (end).

    The first part of this announcement is missing from the archive.
  34. (continuation of news of ALARABANK): and 51.75% (Bank's shareholding in the subsidiary) of Tk. 56,281,865.00 amounting t

    (continuation of news of ALARABANK): and 51.75% (Bank's shareholding in the subsidiary) of Tk. 56,281,865.00 amounting to Tk. 29,125,865.00 included in Investment income are also in contravention of law. Similarly, the related profit on investment concerning minority interest included in the consolidated financial statements is also in contravention of law. c. As disclosed in note # 25 of the financial statements, the Bank included an amount of Tk. 50.323 crore as Gain on sale of DSE & CSE memberships to its subsidiary AIBL Capital Market Services Limited. The date of Valuation of the memberships were taken as of 30 June 2010, and the valuation amount for the membership amounted to Tk. 70.00 crore, (Cont.-5)

    The first part of this announcement is missing from the archive.
  35. (continuation of news of ALARABANK): though the original circular of SEC in late 2009 in this connection did not clearly

    (continuation of news of ALARABANK): though the original circular of SEC in late 2009 in this connection did not clearly require formation of wholly owned subsidiary companies by the banks having brokerage house units. However, SEC has now initiated action to remedy the situation, as referred in Para a. (i).1 above. b. The profit on investment amounting to Tk. 56,281,865.00 (arising due to profit @13% p.a.) included in the financial statements of AIBL Capital Market Services Ltd. is in contravention of the provisions of law, as stated by the auditor of the subsidiary company (Para a.(i).2 above). Consequently the amount of such profit deducted, as profit paid on deposits and borrowings, from the Investment Income in the profit and loss account of the Bank (Cont.-4)

    The first part of this announcement is missing from the archive.
  36. (continuation of news of ALARABANK): though the subsidiary company was incorporated on 21 September 2010, the vendors Ag

    (continuation of news of ALARABANK): though the subsidiary company was incorporated on 21 September 2010, the vendors Agreement was signed on 24 October 2010 and the memberships were transferred to AIBL Capital Market Services Limited on 28 December 2010 and 30 December 2010 respectively. However in this respect reference is drawn to items a. l and d under the Basis for Qualified Opinion above. d. As disclosed in note # 14.6 net profit from brokerage house amounting to Tk. 313,325,348.00 for the period from 1 July to 31 December 2010 has been recorded in compensation account instead of income as per instruction of Shahriah Board. (Cont.-6)

    The first part of this announcement is missing from the archive.
  37. (Auditors Qualification): "Hoda Vasi Chowdhury & Co. and ACNABIN", Auditors of the Bank, have opined the following in th

    (Auditors Qualification): "Hoda Vasi Chowdhury & Co. and ACNABIN", Auditors of the Bank, have opined the following in the qualified opinion section of the audit report of the Bank for the year ended on 31st December 2010 : " (a)(i) Audit of the financial statements of the Bank's subsidiary AIBL Capital Market Services Ltd. for the period from 8 November 2010 to 31 December 2010 was conducted by another firm of Chartered Accountants, and the auditor's report thereon includes inter alia the following observations: Quote: (1) The paid up capital of the company was subscribed by Al-Arafah Islami Bank Limited (AIBL) and other individuals at the ratio of 51.75:48.25. (Cont.-1)

  38. (continuation of news of ALARABANK): On verification we observed that the Securities and Exchange Commission vide their

    (continuation of news of ALARABANK): On verification we observed that the Securities and Exchange Commission vide their letter # SEC REG-79/DSE-234/2011/599 date 3 March 2011 ordered the company to be fully owned by AIBL and transfer the shares held by the individual shareholders to AIBL by 31 March 2011, (2) Contrary to the provisions of Section 103 of the Companies Act 1994, AIBL Capital Market Services Limited a subsidiary of AI-Arafah Islami Bank Limited (AIBL) has extended investment aggregating to Tk. 309.54 crore to AIBL and charged profit @13% per annum and shown under investments with AIBL and (3) AIBL Capital Market Services Ltd., incorporated on 21 September 2010, acquired memberships of Dhaka Stock Exchange and Chittagong Stock Exchange (Cont.-2)

    The first part of this announcement is missing from the archive.
  39. (continuation of news of ALARABANK): from Al Arafah Islami Bank Limited on 28 December 2010 and 30 December 2010 respect

    (continuation of news of ALARABANK): from Al Arafah Islami Bank Limited on 28 December 2010 and 30 December 2010 respectively in pursuant of Vendor's Agreement dated 24 October 2010. The memberships were valued as of 30 June 2010. Unquote (ii) Subsequent to the auditor's report dated 4 March 2011 on the financial statements of AIBL Capital Market Services Limited, the investment of Tk. 309.54 crore (Para a.(i). 2 above) has been repaid by the Bank to the subsidiary company on 23 March 2011, and an amount of Tk. 300.00 crore has been placed as MTDR with the Bank on the same day @ 13% p.a. profit, (iii) The holding of 48.25% shares by individuals is also not in line with the spirit of transferring the 100% owned brokerage house unit of the Bank, (Cont.-3)

    The first part of this announcement is missing from the archive.
  40. The Bank has further informed that due to unavoidable circumstances the 16th AGM of the Bank scheduled to be held on 10.

    The Bank has further informed that due to unavoidable circumstances the 16th AGM of the Bank scheduled to be held on 10.05.2011 has been postponed by the Board of Directors. The venue, date and time of the 16th AGM of the Bank will be notified later on. Other information of the AGM will remain unchanged.

  41. Normal trading of the shares of the Bank will resume on 11.04.11 after record date.

    Normal trading of the shares of the Bank will resume on 11.04.11 after record date.

  42. Trading of the shares of the Bank will remain suspended on record date i.e., 10.04.11.

    Trading of the shares of the Bank will remain suspended on record date i.e., 10.04.11.

  43. Trading of the shares of the Bank will be allowed only in the Spot Market and Block/Odd lot transactions will also be se

    Trading of the shares of the Bank will be allowed only in the Spot Market and Block/Odd lot transactions will also be settled as per Spot settlement cycle with cum benefit from 05.04.11 to 07.04.11. Trading of the shares of the Bank will remain suspended on record date i.e., 10.04.11.

  44. There will be no price limit on the trading of the shares of the Bank today (27.03.11) following its corporate declarati

    There will be no price limit on the trading of the shares of the Bank today (27.03.11) following its corporate declaration.

  45. The Board of Directors has recommended stock dividend @ 26% for the year ended on December 31, 2010. Date of AGM: 10.05.

    The Board of Directors has recommended stock dividend @ 26% for the year ended on December 31, 2010. Date of AGM: 10.05.2011, Time: 10:00 a.m., Venue: Golf Garden, Army Golf Club, Dhaka Cantonment, Airport Road, Dhaka. Record date: 10.04.2011. The Bank has also reported EPS of Tk. 4.05, NAV per share of Tk. 16.42 and NOCFPS of Tk. (2.50) for the year ended on December 31, 2010.

  46. As per regulation 30 of DSE Listing Regulations, the Bank has informed that a meeting of Board of Directors of the Bank

    As per regulation 30 of DSE Listing Regulations, the Bank has informed that a meeting of Board of Directors of the Bank will be held on March 24, 2011 at 4:30 p.m. to consider, among others, audited financial statements of the Bank for the year ended on December 31, 2010.

  47. The Bank has informed that the Board of Directors of the Bank has taken decision, among others, to purchase 4,350 sft. a

    The Bank has informed that the Board of Directors of the Bank has taken decision, among others, to purchase 4,350 sft. approx. (Ground floor 200 sft. and 1st floor 4,150 sft.) floor area with proportionate land at 50/1, Shantinagar, Inner Circular (VIP) Road, Dhaka at a cost of Tk. 22,000.00 per sft. with 01 car parking at a cost of Tk. 10,00,000.00 i.e. totaling Tk. 10,87,87,500.00 (approx.) including registration cost subject to obtaining approval from Bangladesh Bank.

  48. Normal trading of the shares of the Bank will resume on 30.01.11 after record date for EGM.

    Normal trading of the shares of the Bank will resume on 30.01.11 after record date for EGM.

  49. Trading of the shares of the Bank will remain suspended on record date i.e., 27.01.11 for EGM.

    Trading of the shares of the Bank will remain suspended on record date i.e., 27.01.11 for EGM.

  50. (Repeat): Trading of the shares of the Bank will be allowed only in the Spot Market and Block/Odd lot transactions will

    (Repeat): Trading of the shares of the Bank will be allowed only in the Spot Market and Block/Odd lot transactions will also be settled as per Spot settlement cycle from 25.01.11 to 26.01.11. Trading of the shares of the Bank will remain suspended on record date i.e., 27.01.11 for EGM.

  51. Trading of the shares of the Bank will be allowed only in the Spot Market and Block/Odd lot transactions will also be se

    Trading of the shares of the Bank will be allowed only in the Spot Market and Block/Odd lot transactions will also be settled as per Spot settlement cycle from 25.01.11 to 26.01.11. Trading of the shares of the Bank will remain suspended on record date i.e., 27.01.11 for EGM.

  52. The Bank has informed that the Board of Directors of the Bank has taken following decisions subject to approval of the s

    The Bank has informed that the Board of Directors of the Bank has taken following decisions subject to approval of the shareholders in the EGM and Regulatory Authorities: (1) to increase Authorized Capital of the Bank from Tk. 500.00 crore to Tk. 1,000.00 crore and to change the Market Lot from 250 to 100 shares and (2) to amend the relevant clause/article of Memorandum and Articles of Association of the Bank in this respect. Date of EGM: 27.02.11, Time: 10:00 AM, Venue: Trust Milonayaton, 545, Puratan Biman Bandar Sarak, Dhaka Cantonment, Dhaka. Record Date of EGM: 27.01.11.

Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.