Al-Arafah Islami Bank recommends 17pc div

The board of directors of Al-Arafah Islami Bank Limited has recommended 15 per cent cash and 2.0 per cent stock dividend for the year ended on December 31, 2018. The final approval of the dividend will come during the annual...

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BSEC yet to approve Norfund proposal to buy 10pc equity shares of MTB

The proposal regarding issuance of a substantial amount of shares to a foreign investment fund by Mutual Trust Bank (MTB) is yet to get regulatory approval though the bank sought permission from the BSEC almost six months back. Norfund, owned by the Norwegian government, in September of 2018 reached an agreement to buy 10 per...