Corporate DisclosureALARABANK
ALARABANK Corporate Disclosure — 30 March 2016
Announcement summary
- What happened
- ALARABANK published a corporate disclosure on 30 March 2016. Read the full announcement for details.
- Company
- Al-Arafah Islami Bank PLC.
- Announcement published
Original announcement
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 (cont.)
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616acf2d5a6b00004006259d
- Original publication
- Last verified by BullBD
- Translation
- BullBD
More news from ALARABANK
Financial information is provided for general reference only and may be revised by the company. BullBD is not the official DSE website. Not investment advice.