UNB, Dhaka :
The Board of Directors of Al-Arafah Islami Bank Ltd have decided to issue Mudaraba Subordinated Bond (7 years Redeemable) for Tk 300 crore.
The decision has been taken to strengthen the Bank’s Tier II capital as per requirement under Basel III for issuing “AIBL Mudaraba Subordinated Bond” through private placement subject to approval of regulatory bodies and shareholders in the EGM, according to a posting on DSE website.
The company has also decided to amend the clause no. 108.3.1 of Articles of Association of the Company. The EGM of the company will be held on December 23, 2014 at 10:00 am at Al-Arafah Islami Bank Bhaban, Head Office (Proposed), 63, Purana Paltan, Dhaka. The Record date for EGM is 30.11.2014.
The Board of Directors of Al-Arafah Islami Bank Ltd have decided to issue Mudaraba Subordinated Bond (7 years Redeemable) for Tk 300 crore.
The decision has been taken to strengthen the Bank’s Tier II capital as per requirement under Basel III for issuing “AIBL Mudaraba Subordinated Bond” through private placement subject to approval of regulatory bodies and shareholders in the EGM, according to a posting on DSE website.
The company has also decided to amend the clause no. 108.3.1 of Articles of Association of the Company. The EGM of the company will be held on December 23, 2014 at 10:00 am at Al-Arafah Islami Bank Bhaban, Head Office (Proposed), 63, Purana Paltan, Dhaka. The Record date for EGM is 30.11.2014.
