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 2016 (29).
- Q3 Financials
(Q3 Un-audited): Consolidated EPS was Tk. 0.57 for July-September, 2016 as against Tk. 0.38 for July-September, 2015; Consolidated EPS was Tk. 1.71 for January-September, 2016 as against Tk. 1.09 for January-September, 2015. Consolidated NOCFPS was Tk. 6.10 January-September, 2016 as against Tk. 6.12 for January-September, 2015. Consolidated NAV per share was Tk. 18.39 as of September 30, 2016 and Tk. 17.62 as of September 30, 2015.
- Board Meeting schedule under LR 16(1)
As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on October 30, 2016 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on September 30, 2016.
- Q2 Financials
Consolidated EPS was Tk. 0.17 for April-June, 2016 as against Tk. 0.52 for April-June, 2015; Consolidated EPS was Tk. 1.14 for January-June, 2016 as against Tk. 0.71 for January-June, 2015. Consolidated NOCFPS was Tk. 9.61 for January-June, 2016 as against Tk. 8.81 for January-June, 2015. Consolidated NAV per share was Tk. 17.81 as of June 30, 2016 and Tk. 16.07 as of June 30, 2015.
- Board Meeting
As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on July 27, 2016 at 2:35 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on June 30, 2016.
- Credit Rating Result
Credit Rating Information and Services Limited (CRISL) has rated the Company as "AA" in the long term and "ST-2" in the short term along with a stable outlook in consideration of its audited financials up to December 31, 2015 and unaudited financials up to March 31, 2016 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- Confirmation of share receipt by a Sponsor
Md. Anowar Hossain, one of the Sponsors of the Company, has expressed his intention to receive 1,98,89,702 shares of the Company from his son Md. Ashik Hossain by way of gift outside the trading system of the Exchange as announced earlier.
- Declaration of share receipt by a Sponsor
Md. Anowar Hossain, one of the Sponsors of the Company, has expressed his intention to receive 1,98,89,702 shares of the Company from his son Md. Ashik Hossain 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.
- Dividend Disbursement
The Company has informed that it has credited the bonus shares for the year ended on December 31, 2015 to the respective shareholders' BO Accounts on May 03, 2016 and cash dividend has already transferred to their bank accounts through BEFTN for the year ended on December 31, 2015.
- Elected Chairman and Vice Chairman
The Company has informed that Mr. Abdus Samad has been elected as the Chairman and Mr. Abdus Salam as Vice Chairman of the Board of Directors.
- Postponement of EGM due to Court Order
With reference to their earlier news (disseminated by DSE on 17.04.2016) regarding EGM to be held on May 17, 2016 to increase Paid up capital by issuing additional shares to ICD had been stayed by the Honorable High Court Division of the Supreme Court of Bangladesh by an order dated 10.04.2016 for a period of 8 weeks. The Company, however, filed an appeal before the Honorable Appellate Division of the Supreme Court of Bangladesh and the Honorable Appellate Division by an Order dated 13.04.2016 was pleased to stay operation of the stay order passed by the Honorable High Court on 10.04.2016 till 05.05.2016. On May 05, 2016, Honorable Chamber Judge of the Honorable Appellate Division has vacated the order of the Appellate Division passed on 13.04.2016. Thus per order dated April 10, 2016 of Honorable High Court Division of the Supreme Court of Bangladesh for holding the 18th EGM of the Company will remain suspended until further notice.
- Q1 Financials
Consolidated EPS for January-March, 2016 was Tk. 1.02 as against Tk. 0.20 for January-March, 2015; Consolidated NOCFPS was Tk. (4.63) for January-March, 2016 as against Tk. 0.34 for January-March, 2015. Consolidated NAV per share was Tk. 18.52 as of March 31, 2016 and Tk. 16.31 as of March 31, 2015.
- Resumption
Trading of the shares of the Company will resume on 26.04.2016 after record date for EGM.
- Suspension for Record date for EGM
Trading of the shares of the Company will remain suspended on record date i.e., 25.04.2016 for EGM.
- Board Meeting
As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on April 27, 2016 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on March 31, 2016.
- Spot News for EGM
Trading of the shares of the Company will be allowed only in the Spot Market and Block transactions will also be settled as per Spot settlement cycle from 21.04.2016 to 24.04.2016. Trading of the shares of the Company will remain suspended on record date i.e., 25.04.2016 for EGM.
- Confirmation of buy by a Sponsor/Director
Nazmul Ahsan Khaled, one of the Sponsors/Directors of the Company, has further reported that he has completed his buy of 8,00,000 shares of the company at prevailing market price through Stock Exchange as announced earlier.
- Postponement of EGM due to Court Order
With reference to their earlier news (disseminated by DSE on 04.04.2016) regarding EGM to increase Paid up capital by issuing additional shares to ICD, the Company has further informed that EGM which is supposed to be held on May 17, 2016 for approval of Agreement (Term Sheet), has been stayed by the Honorable High Court Division of the Supreme Court of Bangladesh by an Order dated April 10, 2016 for a period of 8 weeks. The Company, however, filed an appeal before the Honorable Appellate Division of the Supreme Court of Bangladesh and the Honorable Appellate Division by an Order dated 13.04.2016 was pleased to stay operation of the stay order passed by the Honorable High Court till May 05, 2016.
- Buy Declaration of a Sponsor/Director
Nazmul Ahsan Khaled, one of the Sponsors/Directors of the Company, has expressed his intention to buy 8,00,000 shares of the Company at prevailing market price through Stock Exchange within next 30 working days.
- Resumption after Record date
Trading of the shares of the Company will resume on 11.04.2016 after record date.
- Suspension
Trading of the shares of the Company will remain suspended on record date i.e., 10.04.2016.
- Spot for AGM
Trading of the shares of the Company will be allowed only in the Spot Market and Block transactions will also be settled as per spot settlement cycle with cum benefit from 06.04.2016 to 07.04.2016. Trading of the shares of the Company will remain suspended on record date i.e., 10.04.2016.
- EGM to increase paid up
With reference to their earlier news (disseminated by DSE on 30.03.2016) regarding Investment Agreement between the Company and Islamic Corporation for Development of the Private Sectors (ICD), the company has further informed that they will hold an EGM on May 17, 2016 at 10:00 AM at Al-Arafah Islami Bank Bhaban, Head Office (Proposed), 63, Purana Paltan, Dhaka to transact the following business: i. increase the paid up capital of the company by issuing additional shares to Islamic Corporation for Development of the Private Sectors (ICD) and ii) getting approval from the Bangladesh Securities and Exchange Commission (BSEC) and all other relevant regulatory bodies for the issuance of additional shares to ICD. Record Date for EGM: 25.04.2016.
- Confirmation of sale
Dr. Bahauddin Mohammad Yousuf, one of the Sponsors of the Company, has further reported that he has completed his sale of 6,76,000 shares of the Company at prevailing market price through Stock Exchange as announced earlier.
- Investment Agreement between the Company and Islamic Corporation
The Company has informed that their Board of Directors has approved Investment Term Sheet among the Al-Arafah Islami Bank and the Islamic Corporation for the Development of the Private Sector (ICD), Jeddah, KSA, the private sector arm of Islamic Development Bank (IDB) group. As per term sheet, ICD will invest in the AIBL's equity shares to hold 10% of outstanding number of Bank's common equity (after disbursement of bonus share for the year 2015 and new issue of share in favor of ICD) through issuance of fresh equity with 110,478,492 shares with an issue price of Tk. 14.00 each with total value of Tk. 1,546,698,888.00 (Tk. 4.00 premium with a face value of Tk. 10.00 each) subject to obtaining approval of Regulators and the shareholdeers of the Company at the General Meeting, any other Meeting of the shareholders of the Company or otherwise as permitted under law.
- Declaration of sale by a Sponsor
Dr. Bahauddin Mohammad Yousuf, one of the Sponsors of the Company, has expressed his intention to sell 6,76,000 shares out of his total holding of 26,76,802 shares of the company, at prevailing market price through Stock Exchange within next 30 working days.
- Dividend Declaration
The Board of Directors has recommended 10% cash dividend and 5% Stock Dividend for the year ended on December 31, 2015. Date of AGM: 27.04.2016, Time: 9:30 AM. Venue: Al-Arafah Islami Bank Limited, Head Office (Proposed), 63 Purana Paltan, Dhaka. Record Date: 10.04.2016. The Company has also reported Consolidated EPS of Tk. 2.36, Consolidated NAV per share of Tk. 18.50 and Consolidated NOCFPS of Tk. 6.65 for the year ended on December 31, 2015.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (22.03.2016) following its corporate declaration.
- Board Meeting
As per Regulation 19(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on March 21, 2016 at 5:00 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2015.
- Floor Spaces Purchase
The Company has informed that the Board of Directors has taken decision, among others, to purchase 5,722 sft. floor area (4th floor) and 02 Car parking with proportionate land at Apan Angina Mirpur City Center, 3/A, Darus Salam, Mirpur-1, Dhaka for Data Recovery Site (DRS), AIBL @ Tk. 8,500.00 per sft. totaling Tk. 5,63,58,180.00 (Cost of floor area of Tk. 4,86,37,000.00 + 02 Car Parking of Tk. 8,00,000.00 + Registration Cost of Tk. 69,21,180.00) (Approx) subject to obtaining approval from Bangladesh Bank.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.