IFIL declares 14.5pc cash dividend

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Business Desk :
The Board of Directors of Islamic Finance and Investment Limited (IFIL) has recommended 14.50 percent Cash Dividend for its shareholders for the year ended on December 31, 2017, said a press release.
The recommendation was made at the 232nd Board meeting of IFIL held at its head office in the city on Tuesday. Abul Quasem Haider, Chairman of the company presided over the meeting while Afzalur Rahman, Hossain Mahmud, Vice Chairmen, Kazi Mahbuba Akhter, Shibbir Mahmud, Anis Salahuddin Ahmed, SM Bakhtiar Alam, Directors, Professor Dr. Gazi Md. Ahsanul Kabir, Independent Director and AKM Shahidul Haque, Managing Director and CEO of the company were also present.
The 17th Annual General Meeting (AGM) of IFIL will be held on April 25, 2018 and for this the record date is April 5. For the year 2016, the board recommended 14 percent (3 percent cash and 11 percent stock) for shareholders.
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