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 2018 (21).
- Q3 Financials
(Q3 Un-audited): Consolidated EPS was Tk. 0.31 for July-September 2018 as against Tk. 0.60 for July-September 2017; Consolidated EPS was Tk. 0.74 for January-September 2018 as against Tk. 1.71 for January-September 2017. Consolidated NOCFPS was Tk. 0.05 for January-September 2018 as against Tk. 2.43 for January-September 2017. Consolidated NAV per share was Tk. 19.19 as on September 30, 2018 and Tk. 19.88 as on September 30, 2017.
- 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 21, 2018 at 2:35 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on September 30, 2018.
- Appointment of Managing Director
The Company has informed that Mr. Farman R Chowdhury has assumed the office as the Managing Director of the Company with effect from October 01, 2018.
- Q2 Financials
(Q2 Un-audited): Consolidated EPS was Tk. 0.03 for April-June 2018 as against Tk. 0.47 for April-June 2017; Consolidated EPS was Tk. 0.43 for January-June 2018 as against Tk. 1.14 for January-June 2017. Consolidated NOCFPS was Tk. (7.96) for January-June 2018 as against Tk. 4.34 for January-June 2017. Consolidated NAV per share was Tk. 18.88 as on June 30, 2018 and Tk. 18.02 as on June 30, 2017.
- 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 July 30, 2018 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, 2018.
- Consent accorded from BSEC for issuance of Subordinated Bond
The Company has further informed that BSEC has accorded its consent to the Company for raising of capital through issuance of AIBL 2nd Mudaraba Subordinated Bond amounting to Tk. 500.00 crore only through private placement in cash consideration. The consent has been accorded subject to the condition that the Company shall comply with the relevant laws and regulatory requirements, (cont.) (Continuation news of ALARABANK): and also shall adhere to the conditions imposed by BSEC under Section 2CC of the Securities and Exchange Ordinance, 1969. The purpose of the issue is to strengthen the capital base of the Company. (end)
- Buy Confirmation of a Sponsor Director
Mr. Nazmul Ahsan Khaled, one of the Sponsor Directors of the Company, has further reported that he has completed buying of 6,10,000 shares of the Company at prevailing market price through Stock Exchange as announced earlier.
- To Reduce share holding percentage of its subsidiary Company
The Company has informed that the Board of Directors of the Company, among others, has taken decision to reduce shareholding percentage of its subsidiary Company Millennium Information Solution Ltd. from 51% to 10% within next 2 years, subject to approval of Bangladesh Bank.
- 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, 2017, unaudited financials up to March 31, 2018 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- Dividend Disbursement
The Company has informed that it has disbursed Cash Dividend for the year ended on December 31, 2017 to the respective shareholders' Bank accounts through BEFTN and also credited Bonus shares to the respective shareholders' BO accounts.
- Buy Declaration of a Sponsor Director
Mr. Nazmul Ahsan Khaled, one of the Sponsor Directors of the Company, has expressed his intention to buy 6,10,000 shares of the Company at prevailing market price (In the Public Market) through Stock Exchange (DSE) within next 30 working days.
- Q1 Financials
(Q1 Un-audited): Consolidated EPS was Tk. 0.41 for January-March 2018 as against Tk. 0.71 for January-March 2017; Consolidated NOCFPS was Tk. 5.86 for January-March 2018 as against Tk. (2.25) for January-March, 2017. Consolidated NAV per share was Tk. 21.29 as on March 31, 2018 and Tk. 20.47 as on March 31, 2017.
- Resumption after record date
Trading of the shares of the Company will resume on 06.05.2018 after record date.
- Suspension for Record Date
Trading of the shares of the Company will remain suspended on record date i.e., 03.05.2018.
- 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 May 08, 2018 at 2:35 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on March 31, 2018.
- Spot News
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 26.04.2018 to 30.04.2018. Trading of the shares of the Company will remain suspended on record date i.e., 03.05.2018.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (10.04.2018) following its corporate declaration.
- Board decision to issue 7 years redeemable Mudaraba Subordinated Bond
The Company has informed that the Board of Directors has decided to issue Mudaraba Subordinated Bond (7 Years Redeemable) for Tk. 500.00 crore to strengthen Tier II Capital of the Company as per requirement under Basel III in the name and style "AIBL 2nd Mudaraba Subordinated Bond" through Private Placement, subject to approval of the Regulatory Authorities.
- Dividend Declaration
The Board of Directors has recommended 15% cash and 5% stock dividend for the year ended on December 31, 2017. Date of AGM: 24.05.2018, Time: 11:30 AM. Venue: Own Premises, 63/1, Purana Paltan (Beside of Al-Arafah Tower), Dhaka - 1000. Record Date: 03.05.2018. (cont.) (Continuation news of ALARABANK): The Company has also reported Consolidated EPS of Tk. 3.15, Consolidated NAV per share of Tk. 20.87 and Consolidated NOCFPS of Tk. 10.40 for the year ended on December 31, 2017 as against Tk. 3.07, Tk. 19.72 and Tk. 11.18 respectively for the same period of the previous year.
- Updating information
The Company has requested the shareholders to update their respective BO Accounts with mailing address, contact number, bank details, e-mail address and 12 digits e-TIN number with their respective DPs before record date. If any shareholder failed to update his/her respective BO ID with the e-TIN (12 Digits) before Record Date, Income Tax at Source to be deducted @15% instead of 10% on Cash Dividend as per section 54 of Income Tax Ordinance 1984.
- Board Meeting schedule under LR 19(1)
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 April 9, 2018 at 2:35 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2017.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.